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In 2023, an average of 1,857 single adults over the age of 65 stayed in the Department of Health and Human Services each night, the nonprofit group LiveOn NY found.
The rising rates of senior homelessness is a symptom of the unaffordable housing crisis plaguing New York City. It’s the worst it’s been in 50 years with the vacancy rate of rentals being at just 1.4% and a much lower availability for apartments deemed affordable. To combat this, the city has implemented new regulations on Airbnb rentals, shuttering 80% of them in the city.
With about 30,000 lottery apartments placed on the market from 2020 to 2023, the city is unable to keep up with demand. Only 10% of those lottery apartments were available in apartments reserved for seniors.
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