State Comptroller Tells CHI Breakfast That It’s Becoming Harder for Many New Yorkers to Become Homeowners

New York State Comptroller Thomas P. DiNapoli told a crowd of nearly 100 bankers, realtors and others involved in Westchester's real estate industry that despite a rebounding real estate market, its becoming harder and harder for some New Yorkers to afford a home. DiNapoli cited a report he released in March that found that more than half of renters and more than a third of homeowners in the state are paying at least 30 percent of their incomes for housing. The federal government describes housing costs above 30 percent of household income as unaffordable.