Journal Articles

Undermining housing affordability for New York’s low-income households: The role of policy reform and rental sector restructuring

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While public programmes, rent controls and subsidy schemes have not resolved New York’s
historic and long-standing housing crisis, they have been important in dampening the housing problems of low-income New Yorkers. Along with an encroaching neo-liberal hegemony, however, since the 1990s redistributive policies have come under growing pressure. This article
focuses on the neo-liberal restructuring of the city’s rental market and the effects on housing
affordability. First, we outline the most crucial reforms and policy changes, at various scales,
that have impacted the rental market in recent decades. Second, we demonstrate, using survey
data, how reforms have affected the rental market structure before assessing how supply
changes have affected affordability. We find that policy reforms have led to a reduction in inexpensive rental units in the city, reshaping patterns of affordability among different income groups, with particularly negative outcomes for low-income households, specifically among
Black and Minority Ethnic Groups.

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Detail Information

Series Title

Critical Social Policy

Call Number

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Publisher

Thousand Oaks, CA : Sage Publications., 2016

Collation

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Language

English

ISBN/ISSN

02610183

Classification

NONE

Content Type

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Media Type

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Carrier Type

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Edition

Volume 36, Issue 2, May 2016; pp. 265–288

Subject(s)

Housing policy
Neo-liberalism
New York
housing reform
rental market

Specific Detail Info

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Statement of Responsibility

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