New York Housing Crisis: Low-Rent Apartment Stock Has Plummeted Since 2005, Stringer Says

Tenants and affordable housing advocates joined New York City Comptroller Scott Stringer in lower Manhattan Tuesday to call for rent law reform amid an affordability crisis in the city.

A comptroller’s office report titled “The Gap is Still Growing: New York City’s Continuing Housing Affordability Challenge,” builds off a 2014 analysis and reveals a sharp decline since 2005 in affordable housing for New Yorkers.

Stringer described the report’s findings as “very alarming.”