Markets & EconomyRentals

New York City evictions hit decade-long lows

Data shows evictions down amid city-funded programs
  • The number of evictions dwindled by 18 percent to 21,988 in 2015.
  • HomeBase– Mayor Bill de Blasio’s homelessness prevention program providing anti-eviction legal services to tenants– intends to assist 32,700 households per year.
  • $20.5 million was recently allocated for HomeBase’s Anti-Harassment Tenant Protection Program.
  • May de Blasio also plans to reactivate a homeless prevention program aimed at prompting those at risk of eviction to reach out early on and diminish the likelihood of entering a shelter.

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After nearly a decade of climbing in New York City, eviction rates dropped 6.9 percent in 2014 from a decade-long peak of 28,849, but city figures show evictions falling at an even more staggering pace last year. The number of evictions dwindled by 18 percent to 21,988 in 2015– perhaps an effect of local government’s $6 million spent on anti-eviction programs in 2013. In September, the Human Resources Administration and NYC Mayor Bill de Blasio announced plans to fund $46.3 million in 2016 that would expand to $61.8 million in 2017. [graphiq id="hSFF5ppsp5X" title="Household Income Distribution in New York City, NY" width="600" height="514" url="https://w.graphiq.com/w/hSFF5ppsp5X" link="http://places.findthehome.com/l/71121/New-York-City-NY" link_text="Household Income Distribution in New York City, NY | FindTheHome"] “The economic recovery that so many New Yorkers are enjoying now hasn't reached everyone. Too many families are becoming homeless for purely economic...