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More statistics on local affordable housing crisis

Sep 18, 2023 12:59 am

Mid-Hudson News reports that a new report from Hudson Valley Pattern for Progress shows that median home prices exceed mortgage qualifications by more than $100,000 in the nine-county area they analyzed. The Out of Reach Hudson Valley 2023 report looked at Columbia, Dutchess, Greene, Orange, Putnam, Rockland, Sullivan, Ulster, and Westchester counties. The report showed the affordable housing crisis in stark terms: a single worker cannot afford fair-market rent for a one-bedroom apartment in any of the nine counties. Adam Bosch, the CEO of the group releasing the report, said, “The data we analyze each year tell a clear and troubling story: most of our neighbors cannot afford to live in the communities where they work.... As our neighbors choose to leave the region, have smaller families, and our workforce slowly shrinks, the Hudson Valley is starting to feel some of the most painful ramifications of stagnant housing and zoning policies.” Read more about this story at Mid-Hudson News.

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