Zellnor Myrie: “The average cost of rent in this city is $4,000.”

“Senator Myre believes that rent prices and inaccurate city budget forecasting affect affordability and. There'S not enough of it. And so the few housing that is available, people get to charge whatever they want. The average cost of rent in this city is $4,000. There was just a report by the state comptroller that told us that misprojections led to close to $3 billion in misforecasting of what we had.” (01:55–02:01)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.