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The housing shortage in New York is driven by a lack of housing supply. Home construction in New York City lags far behind other major American cities. [4] Since 2010, housing supply in New York City has increased by 4% while jobs have increased by 22%. [4] Restrictive zoning regulations are a key contributor to the undersupply of housing, as ...
New York City vacancy rates hit a historic low in February. NYC vacancy rates are so low—and affordable housing is so sparse—that a super PAC has formed to elect politicians to build more ...
2009 Loft Law Amendment. Any city in New York (state) at least 1 million. Effectively limited to New York City. Loft Law Amendment (also referred to as Expanded Loft Law) is a New York law that created a new window period for recognition of loft tenants that previously did not qualify under the original 1982 Loft Law .
Most of the literature on affordable housing refers to mortgages and number of forms that exist along a continuum – from emergency shelters, to transitional housing, to non-market rental (also known as social or subsidized housing ), to formal and informal rental, indigenous housing, and ending with affordable home ownership.
e. A rooming house, also called a "multi-tenant house", is a "dwelling with multiple rooms rented out individually ", in which the tenants share kitchen and often bathroom facilities. [1] Rooming houses are often used as housing for low-income people, as rooming houses (along with single room occupancy units in hotels) are the least expensive ...
Article 7A of the New York Real Property Actions and Proceedings Law (RPAPL) enables that "a housing court judge appoints an administrator to collect the building's rents and use them for repairs" as an alternative to "fruitless rent strikes ." [1] About 10% per year of those appointed in the 1980s were removed, and money accountability ...
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