Urban renewal razes Skid Row
"Slum clearance" and downtown redevelopment demolished the single-room-occupancy (SRO) hotels that housed the poorest urban residents for a few dollars a night. By 1985, New York City had eliminated more than 100,000 SRO units. The city had a tax program meant to encourage converting SRO units into higher-rent apartments. According to a State Assembly study, the program eliminated nearly two-thirds of the remaining SRO stock between 1976 and 1981 alone.