The Senior Housing Crisis in NYC

Mayor Eric Adams:

I don’t know if you guys understand what’s going on right now.

There’s no housing, folks. There’s no housing.

Are you homeless? Do you have a home?

Who’s going to go to the 50,000 New York City residents that I have in homeless shelters walking around with FHEPS vouchers and don’t have a place to stay?

I will never commit to saying,

“I’m not going to build on every available piece of real estate I have to put NYC in a home.”

… I’m not going to give up on that.

I have a homeless crisis right now in this city, and it is a luxury to say, “Eric, don’t build housing somewhere.” That’s the luxury I don’t have. I got to get New Yorkers in housing.

They don’t have that luxury. I’m building housing wherever I can.”

Lack of affordable housing:

-Historic low vacancy at 1.41% for rental housing in NYC.

-Applications for affordable senior housing units are over 520,000 growing daily.

Homelessness

– 140,134 homeless New Yorkers in 2024 (170% children, 196% Families)

– the number of single adults ages 65 and older in the city’s main shelter system more than doubled from 2014 to 2022. Nearly 3 times as quickly as the number of younger single adults in shelters.

December: about 1,700 people older than 65 in single-adult shelters. The share of residents in those shelters who were 65+ increased (8% from 5%).

Elder Poverty

One in every four older adults in the Bronx is living in poverty (highest rate in NYS). The poverty rate for older adults Brooklyn (20.9%). Manhattan (16.3%). Staten Island increased by 63%. – AARP

Elder Finances

Many older New Yorkers live on fixed incomes and struggle to make ends meet. 65% of older New Yorkers surveyed live on less than $15,000 a year, and 32% don’t receive social security.

Older Women

Women over the age of 65 are 80% more likely than men to be impoverished.

Sources:

Ben Max Podcast City of Yes for Housing Opportunity’ Enters the Home Stretch, with Dan Garodnick

LiveOn NY How Long Do We Have to Wait? 

NYTimes: Why More Older New Yorkers Are Ending Up in Homeless Shelters 

AARP AARP NY on State of City: 36%+ Growth in NYC’s Older Adult Population Means More Must Be Done

NYState Comptroller DiNapoli New Yorkers in Need.

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