NEWBURGH — If you pay rent for housing in Columbia, Greene, Rockland, Sullivan and Westchester counties, you’re digging deeper to make that monthly payment.
If you rent in Dutchess, Orange, Putnam and Ulster counties, you’re holding on to a bit more money: The gap between your earnings and your rent decreased slightly.
This new analysis was conducted by Hudson Valley Pattern For Progress’ Center for Housing Solutions and Initiatives. The analysis brings a local focus to statistics compiled by the National Low Income Housing Coalition, which issued its “Out of Reach” report last week.
Greene and Westchester counties show the largest increase in the monthly gap, with changes of $82 (21.7%) and $173 (29.6%) respectively.
Pattern believes this data provides important insights into how housing, the economy and job market intersect in every one of the Hudson Valley’s nine counties.
One clear conclusion of Pattern’s analysis, conducted by Senior Vice President Joseph Czajka: There is a definitive need for additional affordable housing in the Hudson Valley. The “Out of Reach” data for 2017 continue to show, overall, a tremendous disparity in rental costs vs. the ability to pay in the Hudson Valley.
Czajka, who has analyzed housing trends for three decades and is a recognized expert regarding regional data, is available for interviews. In addition, please make a note that Pattern For Progress will be hosting a Sept. 14 conference on the state of housing in the valley. We hope you will be able to cover it.
Pattern is a policy, planning, advocacy and research nonprofit that has promoted regional, balanced and sustainable solutions enhancing the Hudson River Valley since 1965. We also have available a range of other reports on topics such as housing, infrastructure and how our cities are revitalizing. Please visit Pattern-For-Progress.org for more information, and like us on Facebook and follow us on Twitter at @HVPattern and Linked In for daily news updates.
