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Discussion Paper
Flood-Prone Basement Housing in New York City and the Impact on Low- and Moderate-Income Renters
Hurricane Ida, which struck New York in early September 2021, exposed the region’s vulnerability to extreme rainfall and inland flooding. The storm created massive damage to the housing stock, particularly low-lying units. This post measures the storm’s impact on basement housing stock and, following the focus on more-at-risk populations from the two previous entries in this series, analyzes the attendant impact on low-income and immigrant populations. We find that basements in select census tracts are at high risk of flooding, affecting an estimated 10 percent of low-income and immigrant ...
Report
Community Issues and Insights 2024: A Record-High Share of Respondents Observed a Decline in Affordable Housing
The Federal Reserve Bank of Cleveland’s Community Issues Survey (CIS) collects information semiannually from direct service providers to monitor economic conditions and identify issues impacting low- and moderate-income (LMI) households in the Fourth District, a region that includes Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. In March 2024, we surveyed nearly 600 organizations that directly serve LMI individuals and communities across our District and received 100 responses (17 percent response rate). The results of this survey are summarized ...
Outlook for Communities across the Fed’s Eighth District
A recurring survey reveals the top issues facing low- and moderate-income communities: generational poverty and the availability of affordable housing and jobs.