Photo by Lynne Sladky/AP -- A Florida mobile home park awaits redevelopment. For many communities, new investments often brings displacement of existing residents.

“Housing unaffordability is a function of wages and housing prices,” says Jessica Yager, Executive Director of the NYU Furman Center and coauthor of the report. “The problem has been getting worse in many places, including New York City, because housing prices are rising faster than wages. We did not look at local strategies to help raise wages, but that would be an excellent follow-up study.”

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