For many New Yorkers, their most pressing concern in this year's mayor's race isn’t crime or attacks from Washington. It's a housing shortage that has driven hundreds of thousands of residents from the city and fueled an ongoing homelessness crisis.

According to data, the city’s vacancy rate is just 1.4%, the lowest level recorded since 1968. About half of renter households are rent-burdened, meaning they spend 30% or more of their income on rent. The median asking rent in the city is now more than $4,000, according to StreetEasy.

What You Need To Know

The city faces its worst housing crisis in generations, with data showing a vacancy rate of 1.4%, the lowest level recorded since 1968

Andrew Cuomo and Zohran Mamdani have proposed building hundreds of thousands of new units, while Mayor

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