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# Rents Up More Than 40 Percent In Neighborhood Since 2002
- URL: https://bklyner.com/rents-up-more-than-40-percent-in-neighborhood-since-2002-according-to-community-service-society-southslope/
- Published: 2015-06-10T19:28:51.000Z
- Updated: 2015-06-10T19:40:10.000Z
- Author: Shannon Geis
- Tags: Census, Department of Housing Preservation and Development, rent regulation, #API-Imported

![CSS Survey](/content/images/wp-content/uploads/2015/06/CSS-Survey-702x713.png)

via [Community Service Society](http://www.cssny.org/news/entry/as-albany-debates-rent-regulation-css-analysis-shows-rapidly-rising-rents-i?ref=bklyner.com)

According to the [Community Service Society](http://www.cssny.org/news/entry/as-albany-debates-rent-regulation-css-analysis-shows-rapidly-rising-rents-i?ref=bklyner.com), rents in our neighborhood have gone up 41-52 percent since 2002, when adjusted for inflation. That’s even more than the average of 32 percent for the entire city.

To find these numbers, the [Community Service Society](http://www.cssny.org/news/entry/as-albany-debates-rent-regulation-css-analysis-shows-rapidly-rising-rents-i?ref=bklyner.com) analyzed the just-released [U.S. Census Bureau](http://www.census.gov/?ref=bklyner.com) data from the 2014 version of its New York City Housing and Vacancy Survey, a survey of 18,000 New Yorkers conducted every three years under contract with the New York City Department of Housing Preservation and Development.

The sharpest increases were in northern Manhattan — Central Harlem led the way with a 90 percent increase — but Brooklyn isn’t far behind. Bedford-Stuyvesant came in second at 63 percent and Park Slope and South Slope aren’t far behind that.

The Community Service Society says that the loss of rent-regulated and subsidized housing and rising rents overall have dramatically shrunk the city’s supply of housing affordable to low-income households. Between 2002 and 2014, the city lost nearly 440,000 units of housing affordable to households with incomes below twice the federal poverty threshold.

This report appears just a week before [rent stabilization laws expire](http://www.nydailynews.com/new-york/rent-soars-nyc-neighborhoods-study-article-1.2249941?cid=bitly&ref=bklyner.com) on June 15.