DHCR Commissioner says NYC has an affordability crisis

amNY: 

NYC faces an ‘affordability crisis’ in housing, says commissioner of Department of Housing Preservation and Development

By Ivan Pereira   ivan.pereira@amny.com February 11, 2018
EXCERPT: 

New York City residents are still struggling to find homes despite the city having the largest housing stock in its history, according to a report to be released Monday.

The Department of Housing Preservation and Development’s triannual housing vacancy survey found that the net vacancy rate in the five boroughs was 3.63 percent between January and May in 2017.