Reports

The Greater Sunset Park area of western Brooklyn is a dynamic area with residential communities, strong commercial corridors and one of New York City’s largest manufacturing and industrial centers.

September 11, 2001, was a tragic day for the nation, one which will never be forgotten. In New York City, the terrorist attacks took the lives of more than 2,700 people, including hundreds of first responders. There was extensive damage to property and infrastructure, and the economy of the City, and of Lower Manhattan in particular, was shaken.

New York State’s hotel industry has experienced a decade of strong growth, driven by an increase in tourism. A record number of visitors (227.5 million) came to New York State in 2014, and a new record was likely set in 2015.

The Asian community is the fastest growing racial or ethnic group in New York State. The number of Asian New Yorkers (1.8 million) has more than doubled since 1990, and Asians accounted for 9 percent of the State’s population in 2014.

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New York City, like the nation, has been built by immigrants. People from around the world have come to New York City seeking the freedoms and opportunities woven into the American dream.

Over the past decade, Brooklyn has expanded at a rapid pace by attracting new businesses and residents.

Technology is playing a growing role in personal and business activities. While there is a broad range of firms that are engaged in technology-related activities, at the heart of this trend are high-tech companies.

Queens has the largest and most diverse employment base among the four New York City boroughs outside of Manhattan. The residents and businesses in Queens are strong and resilient, having been recently tested by the Great Recession and Superstorm Sandy.

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Throughout our nation’s history, NYC has been a magnet for immigrants from other countries seeking religious and political freedoms and economic opportunities.

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The Bronx has come a long way since the 1970s. Both public and private investments have helped create new businesses, which in turn have generated thousands of new jobs. More recently, as the economic environment has improved, private investment has accelerated in the Bronx.

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This report is the third issued by the Office of the State Comptroller since 2009 concerning affordable housing in New York City.

Since the 1970s, farmers’ markets have multiplied and become more popular in New York City and throughout New York State as the locally grown food movement has gained momentum.

The greater downtown Brooklyn area is home to world-class arts and cultural organizations, such as the Brooklyn Academy of Music (BAM).

The greater downtown Brooklyn area is the civic center of Brooklyn and includes the largest business district in New York City outside of Manhattan.

New York City’s tradition as a melting pot of cultures is vividly on display in the Queens neighborhoods of Corona, Elmhurst, East Elmhurst and Jackson Heights. These neighborhoods, which are located in northwestern Queens, have the highest concentration of immigrants in New York City.

The neighborhood of Flushing, located in northcentral Queens, has a rich history steeped in religious tolerance and cultural diversity. Founded in 1645, Flushing was the first permanent settlement in Queens.

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Coney Island and Brighton Beach are located on a peninsula in southern Brooklyn, along the Atlantic Ocean. The oceanfront location, along with access to mass transit, helped shape the development of these neighborhoods, which became a summer resort and home to the country’s oldest amusement area.

New York City has a serious lack of affordable housing. The New York State Comptroller issued a report on affordable housing in April 2009 that utilized data from the 2008 New York City Housing and Vacancy Survey (HVS), which is issued every three years.

Since the housing bubble burst in 2007, many homeowners across the nation have faced foreclosure.

New York City has always been a gateway to opportunity for people from around the world. Successive waves of immigration created a melting pot of cultures that left its mark on the City’s history and its neighborhoods.

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