NYC's affordable housing struggles with rent arrears
The New York City Housing Authority is also facing substantial rent arrears.
Source: politico.com
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The New York City Housing Authority is also facing substantial rent arrears.
To paraphrase the mayor himself, in this city, we’ve got 8 million people, but 35 million opinions.
The number of empty regulated apartments nearly doubled between 2020 and 2021, a state memo obtained by THE CITY shows.
Starting October 1, landlords can implement these rent increases on any lease in a rent-stabilized unit as is comes up for renewal. The increases could affect 2 million New Yorkers.
Is it legal for a landlord to raise the rent by more than 10 percent?