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  "documentTitle": "2022 strategic update presentation",
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      "text": "Lack of affordable housing increases the risk of housing instability and makes it more difficult",
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      "text": "Housing occupancy percentage: 60.2%",
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      "text": "A report from the New York University Furman Center showed the percentage of rental households in New York City increasing from 66.4% to 68.1% between 2009 and 2019 nearing double the national average. Additionally, many households are severely cost burdened, spending more than half of their income on housing. Just over a quarter of middle-income renters spend more than 30% on housing costs.",
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      "text": "Homeownership remains out of reach not only to LMI families but also to many middle-income families in the AA. In 2021, New York State had the lowest homeownership rate in the country at 55.4%. In New York City homeownership rates were even lower at less than 32% and declining. Across each of the five boroughs homeownership rates decreased between 0.7% and 3.5% in the decade between 2009 and 2019, with the largest decrease in Staten Island and smallest in Brooklyn. While homeownership varies by borough, race and ethnicity, Black and Hispanic residents have the lowest rates.",
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      "text": "Related to the challenges of homeownership, the AA also suffers from a shortage of affordable rental housing. The estimated statewide shortage of affordable rental homes available for extremely low-income renters is approximately 650,000 in New York and approximately 225,000 in New Jersey. The New York City Housing Authority (“NYCHA”) is the largest public housing authority in the country and provides affordable housing to over 530,000 residents through public housing and Section 8 voucher programs. NYCHA apartments represent about 12% of the city’s available rental apartments and house over 6% of the city’s population. Despite the large quantity of units, the demand for NYCHA housing far exceeds the supply. As of February 2022, more than 265,000 families were waiting for public or Section 8 housing.",
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      "text": "Source: Calculated Data from 2022 FFIEC Census Report",
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      "text": "22-29: List of URLs and definitions for data sources.",
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      "text": "Tract Categories, Renter-Occupied, Owner-Occupied, Vacant, Total; Low Income, 12.9%, 1.5%, 1.0%, 15.4%; Moderate Income, 17.8%, 5.5%, 2.0%, 25.3%; Middle Income, 13.8%, 10.3%, 2.1%, 26.2%; Upper Income, 14.8%, 13.2%, 3.9%, 31.9%; Unknown, 0.9%, 0.2%, 0.1%, 1.2%; Total, 60.2%, 30.7%, 9.1%",
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      "text": "NY-NJ AA Units (%)",
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