New York City's Housing Crisis Deepens as Affordable Units Disappear A new report reveals that the number of affordable housing units in New York City has plummeted in recent years, exacerbating the city's long-standing housing crisis. According to the data, the city has lost over 15,000 affordable apartments since 2016, a decline of nearly 30% in just five years. As the demand for affordable housing continues to outstrip supply, many low- and middle-income residents are being priced out of their neighborhoods and forced to search for housing in other boroughs. The report's findings have sparked renewed calls for action from city officials and advocates, who are urging policymakers to take bold steps to address the city's affordable housing shortage.