- New York City received over 630,000 applications to join its waitlist for federal housing vouchers.
- But the city will issue just 20,000 new vouchers, amid a severe housing affordability crisis.
- A third of New Yorkers spend more than 50% of their income on rent.
Finding an affordable apartment in New York City has become ever more challenging for low-income people — and an expansion of key federal assistance isn't likely to help much.