Life in New York City is different depending on the citizen: an elderly NYC citizen will live a very different life from NYU students, for example. But, no matter who's living in NYC, the constant is that they're probably paying high rental fees for their apartments. To help the NYU students who might not even have any income to supplement their rent, the university has introduced an intergenerational housing program.
According to NYU's 'Affordability Steering Committee,' the average yearly housing rate in NYU residence halls is $13,000. To reduce this figure, students will have the option to live with older New Yorkers in the area who have a spare room available. Through such a system, NYU predicts that NYU students' rents will fall by at least half.