Some of New York City’s most well-known residential areas are increasingly losing more of their homes and apartments; the Big Apple’s housing shortage is worsening. This is according to a new analysis from the Department of City Planning.
The number of homes and apartments in almost a dozen Big Apple neighborhoods declined last year, says the report, set to be released Today and obtained prior by The New York Post.
Almost all new housing production over the past ten years across the five boroughs instead has been concentrated in just a few small areas: mainly Hudson Yards, Long Island City in Queens and Williamsburg, Greenpoint, DUMBO, downtown Brooklyn, as well as and Bedford-Stuyvesant, the study shows.
Greenwich Village, Hell’s Kitchen, the western section of Midwood in Brooklyn, eastern portions of Gravesend in Brooklyn, Hamilton Heights in Manhattan, Cambria Heights in Queens, and Kingsbridge in the Bronx all lost housing.
“For too long, housing production has been too heavily concentrated in just a few of New York’s neighborhoods,” said city Planning Commissioner Dan Garodnick in a statement that will announce the report’s findings.
Overall, New York City added just 26,000 units of housing last year, barely over half of Adams’ moonshot target of 50,000 annually.
Another new report from the RAND Corporation calculated that New York City’s housing shortage has grown by nearly 50% in the past decade.
