New report urges affordable housing solutions for NYC families

A new report from the Center for an Urban Future highlights the need for more affordable three-bedroom apartments in New York City to retain young families. The report suggests modest government actions to address housing, child care, and schooling costs. The report notes a significant decline in children under five in the city, with an 18% drop since April 2020. This trend is attributed to families moving to more affordable areas, which poses risks to the city's economy and community stability. One proposed solution is to encourage seniors living in large apartments to downsize, potentially freeing up housing for families. The report also outlines additional strategies to improve affordability for families in the city.