Comptroller: Housing expense difficult in Greene
Mar 11, 2014 7:04 am
Jordan Carleo-Evangelist is reporting in the Times Union Greene County was ranked near the bottom of state Comptroller Tom DiNapoli's list of places with affordable rents in the state of New York. In 2012, according to an analysis conducted by DiNapoli's office, more than 57 percent of Greene County renters paid housing costs in excess of 30 percent of their income. That is the federal benchmark for affordable housing. Three other Hudson Valley counties -- Ulster, Rockland and Orange -- ranked near the bottom, as well. Columbia County fared far better, ranking 6th in rental affordability statewide. Overall, the number of rental households living beyond affordability statewide jumped more than 50 percent between 2000 and 2012. The trend was fueled by declining household incomes and rising housing costs, the analysis found. The rankings are based on a combination of local incomes and housing costs culled from census data. The trend was fueled by declining household incomes and rising housing costs. Read the full story in the Times Union.