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Congress passed two different rental relief packages. The first, approved in December, provided $25 billion for rental relief. The second, approved in March, provides more than $21 billion. In ...
Cash-strapped Americans in search of rental assistance have plenty of government programs and funds to tap into, but you need to know where to look if you want to access it. See: Over Half of...
You will need to prove risk of housing instability through a past-due rent notice or other documentation. Income eligibility: 80% of the area median income . Max benefit per month: 150% of fair ...
New York State has had the longest history of rent controls, since 1920. New York City contains the majority of units covered by rent control. Rent control laws have stayed on the books for decades in New York because of an inadequate supply of "decent, affordable housing". The worsening in the rental market led to the enactment of the Rent Stabilization Law of 1969, which aimed to help ...
Residents pay their portion of rent through Section 8 vouchers, and many of the apartments are available only to families who make 30% or less of the median income of the city. The new housing project aimed to provide a low-rent area for residents who work downtown but who are unable to live near their workplace because of the high costs.
The passage of the Rent Regulation Reform Act of 1997 restricted rent stabilization to apartments where the legal, or stabilized, rent was under $2,000 per month. The decontrol rent was set at $2,000. The decontrol income was $175,000. In June 2011, the New York State Legislature enacted the Rent Act of 2011. It did the following:
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