Partial views of rooftop of building located at 160 Water Street in downtown Manhattan and currently being converted from office usage to residential apartments.
  • New York City's pace of housing construction has slowed to a trickle, despite a severe affordability crisis. 
  • The governor's plan to boost housing failed in the legislature this year. 
  • Manhattan's borough president has identified about 200 sites where he says the city could build housing. 

New York's housing crisis isn't getting better any time soon.

The borough of Manhattan, home to 1.7 million people, approved no new units of housing last month and just 10 buildings with 279 units in total were approved last month in the other four boroughs combined. City leaders are raising the alarm about the anemic pace of development.