The rising gap between housing costs and incomes can strain budgets and limit housing choices even for many middle-class individuals and families. This report focuses on the impact of rising rents and neighborhood change on low and moderate-income households. These residents not only have fewer choices when they are priced out of their homes, they are also more likely to live in the neighborhoods where the biggest changes are taking place. And the instability caused by displacement has a much bigger impact on the lives of people with few resources to adapt to the resulting financial, social and psychological disruption.
RPA conducted a detailed analysis of not just New York City, but the entire metropolitan region, in order to determine three things:
- Where are residents vulnerable to displacement?
- Where are the neighborhoods that are likely to experience gentrification and displacement pressures in the future, and how do they overlap with the vulnerable populations?
- Where are the areas currently seeing the kind of housing market activity that can lead to price pressures and displacement?
Our findings were supplemented with interviews with low- and moderate- income residents of the region in order to understand their current living conditions, experiences with displacement, and future housing hopes. Interviewees were reached through RPA’s fourth regional plan community engagement program.
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