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  "documentTitle": "2022 strategic update presentation",
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      "text": "Families Living Below Poverty Level: 26.7%",
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      "text": "Overall, 16.6% of families in the AA lived below the poverty level in 2022. Bronx County shows the greatest number of struggling families; however, other AA counties have pockets of poverty (e.g., 25.8% of individuals live below the poverty level in the city of Newark within Essex County).",
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      "text": "In New York City nearly 1 in 4 children ages 0-3 live in poverty resulting in negative consequences for health and development and higher risks of remaining in poverty as adults.",
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      "text": "The combination of high cost housing markets, increasing income inequality and rising rents contribute to an affordable housing crisis for LMI New Yorkers and New Jerseyans. As of 2022, the AA had over 4,120,000 housing units, of which 30.7% were owner-occupied, 60.2% were renter-occupied and 9.1% were vacant. Specifically, the data in the following table indicates that housing units in low- and moderate-income areas are more likely to be renter- versus owner-occupied and less likely to be available than units in upper-income tracts. In 2020, the median housing value across the NY-NJ MSA was $465,400 and the median gross rent was $1,483.",
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      "text": "According to the Federal Financial Institutions Examination Council (“FFIEC”), approximately 2.3 million families lived in the NY-NJ AA in 2022, of which 16.1% were low-income and 27.0% were moderate-income. Statewide 2021 median family incomes were $75,157 in New York and $89,703 in New Jersey.",
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      "text": "Source: Calculated Data from 2022 FFIEC Census Report",
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      "text": "NY-NJ AA County | Families Living Below Poverty Level\nBronx | 26.7%\nKings | 18.8%\nNew York | 15.4%\nQueens | 11.4%\nRichmond | 10.6%\nEssex | 14.4%\nHudson | 14.1%",
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