A recently released fact brief from the NYU Furman Center examines New York City’s subsidized housing stock in 2017. The report examines all types of subsidized housing in the area, from LIHTC and public housing, to local programs and zoning requirements.
Of 2,663 HUD and Mitchell-Lama (a New York state program) subsidized properties in 2017, 11% are eligible to expire out of affordability by 2023. That number jumps to nearly 48% over the next 15 years. Most of these expiring properties are in Manhattan and Brooklyn. To be fair, these figures do not consider the likelihood that owners will renew the existing subsidy or replace it with another subsidy program to continue affordability.
The study also identifies the location of subsidized housing by region and gives a brief explanation of each program currently utilized in the city.
