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Port Chester housing task force finalizes report, finds market rents out of reach for most households
Summary
The Port Chester Housing Task Force finalized recommendations on March 26, 2026, reporting Small Area Fair Market Rents from $2,750 (studio) to $4,310 (four‑bedroom) and concluding those rents exceed local AMI for most households; the report will be sent to the Village Board of Trustees for review.
The Port Chester Housing Task Force on March 26, 2026 finalized a report finding that current market rents in the village are unaffordable for most residents. The report’s Small Area Fair Market Rent (SAFMR) table shows studio rents at $2,750 per month (income needed: $110,000, 158% of local AMI) and a four‑bedroom at $4,310 per month (income needed: $172,400, roughly 150–160% of AMI). This analysis underpins the Task Force’s recommended policy package to increase and preserve affordable units.
The report cites cost‑burden statistics: roughly half of rental households are cost‑burdened (spending over 30% of income) and many are severely cost‑burdened (over 50%), while 41% of homeowners are cost‑burdened. It also notes a median home value exceeding $640,000 and a 2025 median single‑family sale price cited at $870,000 as context for the scale of the affordability gap. The Task Force directed staff to transmit the final report and supporting materials to the Village Board of Trustees for their consideration.
