Shaun Donovan
PER
Donovan Shaun Donovan
Shaun Donovan, the city's housing commissioner, said that the city's overall housing stock and the number of homeowners in New York are both at a record high, but acknowledged that city tenants are facing a painful spiral of rising rents and falling wages. He also said that vacancy rates had increased which means that pressure is slowly being let off the market and that renters had rated their satisfaction with their neighborhoods at the highest levels in 27 years. Mr. Donovan suggested that, given Mayor Michael R. Bloomberg's recently expanded plan to build affordable housing in New York, he expects rents and housing prices may soon come down.