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Intergenerational Home Sharing Offers a Solution to Rising Housing Costs for New Yorkers

April 5, 2023 | 3:12 PM
in NEWS, SPONSORED
3
Photographs via NYFSC.

By Sarah Fletcher

A recent Zumper report found that New York City is the most expensive city for renters in the United States. A one-bedroom in the city has a median price of $3,790 and a two-bedroom a median price of $4,420.

New York Foundation for Senior Citizens’ (NYFSC), the only non-profit, non-sectarian organization serving older adults throughout New York City’s five boroughs, has a solution that has worked for hundreds of New Yorkers young and old over the decades.

Its Home Sharing Program, founded in 1981 and so important today with the high cost of housing, is a free service that matches hosts with extra bedrooms in their apartments with responsible, compatible guests looking for affordable housing in New York City.

“Our free and innovative service is a wonderful resource,” said Linda Hoffman, President of New York Foundation for Senior Citizens. “Our professional social work staff provide confidential screening, matching of hosts with suitable guests and follow-up services.”

Adults ages 18 or older are eligible, but at least one of the participants must be age 60 or older.

It is funded by the New York State Office for the Aging, the NYC Department for the Aging, elected officials and private contributions.

For further information about NYFSC’s Home Sharing Program, visit: www.nyfsc.org, email: homesharingnyfsc@gmail.com or call: 212-962-7559, ext. 246.

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Joe
Joe
2 years ago

This is a problem when people illegally pass rent controlled apartments to theirchildren, other family members, relatives, etc. This makes all of us pay higher rents.

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charles
charles
2 years ago
Reply to  Joe

There are onlty 16400 rent controlled apartments in NYC. There are 1 million rent stabilized apartments. While there may be some illegal transfers the vast majority are legal under current regulations.
Landlords would agree with your remark but somehow I doubt that you and landlords are on the same team.
As to this program I definitely would not share with an older person because I don’t want to deal with possible ill health of the tenant, or relatives of that person traipsing around. Even worst is the thought of having to do deal with social workers. Furthermore the amount I can charge for legally renting a room is so low as to make it not worthwhile.

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Nancy
Nancy
2 years ago
Reply to  Joe

Rent control is likely not relevant to this program as described.

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