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More affordable housing doing little to relieve city’s rent struggles: report

Federal subsidy programs remain the most effective vehicle for helping the city’s poorest households pay rent, despite a steady rise in the number of affordable housing units, according to a new... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkOct 12th, 2018

Despite record affordable housing, poorest New Yorkers struggle to pay rent

The city is building and preserving more affordable housing than ever, but federal programs remain the most effective tool for supporting the poorest households, according to a report released... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkOct 12th, 2018

After 2 years of applying for the NYC housing lottery, she finally won her bid. Now she pays $1,000 in rent for her Manhattan apartment.

In 2018, the odds of winning the affordable housing lottery were 1 in 592, per The New York Times. The living room is bright and airy.Nkenge BrownA millennial woman won the New York City affordable housing lottery after applying for two years......»»

Category: topSource: businessinsiderApr 10th, 2024

Major landlords working on plan to help tenants pay rent

Major city landlords are working with real estate and affordable-housing groups on a plan to help tenants pay their rent, Jeffrey Levine, chairman of Douglaston Development, told Crain's... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMay 2nd, 2020

City"s major landlords working on plan to help tenants pay rent

Major city landlords are working with real estate and affordable housing groups on a plan to help tenants pay their rent, chairman of Douglaston Development Jeff Levine told Crain's... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 30th, 2020

Rental prices are rising in one of the city"s most affordable boroughs

Apartment rents in Queens have increased significantly, according to a new report by RentCafe. Rents in the borough increased 7% year over year, with the average rent in January hitting $2,412—the... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkFeb 20th, 2020

Median rent and minimum wage don"t add up for Dallasites

According to a report from MagnifyMoney, the median rent in Dallas requires renters making minimum wage to spend 125 percent of their wages on housing. With more than 100 percent of minimum wage pay required, Dallas ranks the fourth worst city f.....»»

Category: topSource: bizjournalsFeb 5th, 2020

NC city among 25 most affordable housing markets in U.S., study says

Winston-Salem is among the 25 most affordable housing markets in the U.S., according to the latest Housing Affordability Index report from online real estate website RealtyHop. Winston-Salem ranks No. 23 among the 100 largest cities in the U.S., th.....»»

Category: topSource: bizjournalsJun 4th, 2019

Airbnb counters Stringer"s study claiming home-sharing site drove up rent

City Comptroller Scott Stringer used a standard methodology in a study last month showing Airbnb drove up New York City rents, according to experts who study the housing market. And while the report... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJun 13th, 2018

Rent Guidelines Board leaves affordable-housing developers in a pinch

The Rent Guidelines Board voted Tuesday to allow a 1.5% increase on one-year leases and 2.5% on two-year leases. The ruling applies to rent-regulated apartments throughout the city, and disappointed... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJun 28th, 2018

Seattle limits rent hikes for landlords receiving affordable housing tax breaks

With low-income tenants facing a rent increase of nearly 15 percent over two years, the city adopted a lower limit for rent increases in a move that one landlord said was illegal......»»

Category: topSource: bizjournalsAug 13th, 2018

State comptroller questions costs at Brooklyn housing complex

The owner of a sprawling affordable-housing complex in East New York is seeking a rent hike to cover unmonitored spending, according to a report released by the office of state... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkSep 8th, 2018

Stringer pitches alternative plan for affordable housing

Last week Comptroller Scott Stringer issued a report asserting that the city should refocus its affordable housing plan to build nearly 86,000 apartments almost exclusively for the lowest-income New... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkDec 4th, 2018

Comptroller wrong to portray all-cash home buyers as wealthy

To the editor:  A recent housing report by the city comptroller proposes funding affordable-housing development by modifying the taxes people pay when they purchase or sell real estate ("Stringer... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkDec 12th, 2018

With North Carolina home prices rising, $1,200 rent now labeled affordable housing

A new apartment complex planned in Clayton highlights the rapid rise in the cost of living as the area's population soars......»»

Category: topSource: bizjournalsApr 21st, 2024

South Side, Grove City developments land $25M infusion from CMHA

Affordable housing Columbus' South Side and Grove City will move forward, thanks to housing authority funding......»»

Category: topSource: bizjournalsApr 17th, 2024

Report shows serious lack of affordable housing

The report shows there are only 50 homes available for every 100 extremely low income renters......»»

Category: topSource: bizjournalsApr 14th, 2024

I always dreamed of living in Paris. I moved and found it"s more affordable than a big city in the US.

Sage VanAlstine moved to Paris and discovered that rent, high-quality food and drinks, and more are more attainable than she thought. Sage VanAlstine graduated from college .....»»

Category: topSource: businessinsiderApr 10th, 2024

Beverly Hills home renovations blocked over lack of affordable housing

The Los Angeles Superior Court judge's ruling will temporarily suspend Beverly Hills’ ability to issue new building permits. The city is currently appealing the ruling......»»

Category: realestateSource: foxnewsApr 10th, 2024

Cincinnati voters soundly reject affordable housing amendment, approve other ballot measures

Cincinnati voters decisively rejected an amendment to the city’s charter that would require City Council to put $50 million a year into its Affordable Housing Trust Fund and create a new board to oversee the money......»»

Category: topSource: bizjournalsMay 4th, 2021

Council approves up to $25.8M for 14 affordable-housing developments across Charlotte

Charlotte City Council has signed off on spending up to $25.8 million from the Housing Trust Fund for 14 proposed new affordable-housing projects......»»

Category: topSource: bizjournalsApr 27th, 2021