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As multifamily apartments are being completed, some markets are gaining rental supply, which competes with the attached segment of the single-family rental market,” Boesel added.
Rent growth slows, but problem remains. Asking rents grew by 2.4% from $3,500 a year ago, a substantial slowdown compared to prior years. New York City rents experienced an annual double-digit ...
Most pet-friendly apartments come with extra costs, such as pet insurance, non-refundable pet fees, or monthly pet rent. Budget for these additional expenses in advance.
In the United States [17] and Canada, [18] a commonly accepted guideline for housing affordability is a housing cost, including utilities, that does not exceed 30% of a household's gross income. [19] Some definitions include maintenance costs as part of housing costs. [20]
The New York City Housing Authority ( NYCHA) is a public development corporation which provides public housing in New York City, and is the largest public housing authority in North America. Created in 1934 as the first agency of its kind in the United States, it aims to provide decent, affordable housing for low- and moderate-income New ...
The Mitchell–Lama Housing Program is a non-subsidy governmental housing guarantee in the state of New York. It was sponsored by New York State Senator MacNeil Mitchell and Assemblyman Alfred A. Lama. It was signed into law in 1955 as The Limited-Profit Housing Companies Act (officially contained in the Private Housing Finance law, article II ...
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