NYC Housing

November 18, 2016 Comments Off on Study: Minorities Facing Inequities in NYC Housing Market Views: 430 New York News, Northeast

Study: Minorities Facing Inequities in NYC Housing Market

Much has been written about housing inequalities and the lack of affordable housing. A new study released by the City of New York Institute for Sale and Local Governance puts numbers to such claims. The study reports housing disparities among groups including minorities, disabled individuals, immigrants and members of the LGBTQ community.

Specifically, Hispanics, Asians and African-American renters in New York City were more likely than white renters to spend more than half their household income on rent. Hispanics are the least likely to own a home. Finally, home purchase loan applications by African Americans were denied more often than were those by whites, even though whites averaged five times more applications.

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