New York Faces Loss Of 88,000 Homes

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RPA just issued a report titled “Averting Crisis,” which covers climate adaptation for New York City and its suburbs. Among the data offered is that “Nearly 1 million houses and multifamily buildings in the tri-state area of New York, New Jersey, and Connecticut are at high risk of flooding.” Partially because of this, there will be a net housing deficit of 1,264,784 by 2040.

There is no circumstance under which urban and suburban planning can ensure that inventory is available. There is no way to estimate the funding ability, particularly in areas in danger of flooding, or that property will be available.

Challenge In Queens

The largest deficits will be in Queens (243,324) and Brooklyn (277,074). The problem focuses on the areas adjacent to the water. There is already severe flooding during storms, particularly in Queens. According to First Street, “There are 104,628 properties in Queens County that have risk of flooding over the next 30 years. This represents 32.3% of all properties in Queens County.”

Like many climate problems, one issue is whether anything is being done. According to the “crisis” research, the answer is “Efforts to tackle housing scarcity and affordability are equally lacking.”