Rochester Affordable Housing Stock Expanded by 1,200 Units With New Tax Credit Program
Key Takeaways Rochester affordable housing stock added 1,200 units using a new tax credit program, but demand still far outpaces supply. Rent prices, especially for one-bedroom units, have surged by nearly 10% over the past year, squeezing lower-income families. Areas such as Hudson Avenue and Susan B. Anthony Square are experiencing the most severe impacts of the affordable housing crisis. Mounting Pressure on Rochester's Housing Market Crisis looms as Monroe County’s affordable housing shortage deepens, despite a 1,200-unit gain reportedly fueled by tax credits near landmarks like Kodak Tower and High Falls. Supply barely scratches the surface of soaring demand . Prices spike, with one-bedroom rents climbing nearly 10% in a year, shoving struggling families closer to displacement. Vulnerable areas like Hudson Avenue and Susan B. Anthony Square see the worst strain. The full, unsettling picture is just ahead. Affordable Housing Shortage Deepens Crisis in Rochester B...