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I know people who had do income verification/recertification in their buildings and others who do not. It depends on what plan I think your building is participating in and perhaps income. again according to the handbook your income can increase to a certain amount before you then are offered market rates or something along those line. They do not just throw you out.
Again....
If someone has a rent regulated apartment, then not a GD thing depends upon their income. Revamp of rent regulations in 2019 removed luxury and vacancy decontrol. Someone could earn one or tens of millions per year and still keep a RC/RS or "affordable/low income" apartment.
Also as stated previously only time income comes into play is if tenant or tenants have some sort of voucher that is household income based. This and or the apartment is some sort of "low income" where rent is based on same. Even in such situations including Mitchell-Lama people aren't usually chucked out into street once income rises above certain limits, but pay a surcharge or something as their income rises out of range.
It is difficult to evict someone in NYC/NYS for not paying rent, how is a LL going to turn around and get someone out just because they earn bank?
If someone has a rent regulated apartment, then not a GD thing depends upon their income. Revamp of rent regulations in 2019 removed luxury and vacancy decontrol. Someone could earn one or tens of millions per year and still keep a RC/RS or "affordable/low income" apartment.
Also as stated previously only time income comes into play is if tenant or tenants have some sort of voucher that is household income based. This and or the apartment is some sort of "low income" where rent is based on same. Even in such situations including Mitchell-Lama people aren't usually chucked out into street once income rises above certain limits, but pay a surcharge or something as their income rises out of range.
It is difficult to evict someone in NYC/NYS for not paying rent, how is a LL going to turn around and get someone out just because they earn bank?
I'll say something else many likely don't want to hear... As with other rent regulated tenants it all is but certain after a period of years good number of "affordable" or whatever lottery tenants will have vastly higher incomes, while OTOH an equally good number will be rent poor. That is latter paying sometimes three-quarters ( or more) of monthly income to stay in said RS apartment.
Again luxury decontrol no longer exists. So people are now free to earn whatever they like, and still keep a RS apartment. Only thing left to LLs is a holdover proceeding for non-primary residence (if say wealthier tenant has a home or homes elsewhere), but even before 2019 few LLs bothered because of expense versus an uncertain outcome in court.
Personally agree with some others in this thread, people who can pay three large or more per month in rent don't need subsidized housing. But new rent laws obviously were meant to get more middle income people to have skin in game. Thus any attempt in future to get rid of RS, or at least return luxury decontrol, won't fly as it would affect a larger subset of RS tenants.
I'll say something else many likely don't want to hear... As with other rent regulated tenants it all is but certain after a period of years good number of "affordable" or whatever lottery tenants will have vastly higher incomes, while OTOH an equally good number will be rent poor. That is latter paying sometimes three-quarters ( or more) of monthly income to stay in said RS apartment.
Again luxury decontrol no longer exists. So people are now free to earn whatever they like, and still keep a RS apartment. Only thing left to LLs is a holdover proceeding for non-primary residence (if say wealthier tenant has a home or homes elsewhere), but even before 2019 few LLs bothered because of expense versus an uncertain outcome in court.
Personally agree with some others in this thread, people who can pay three large or more per month in rent don't need subsidized housing. But new rent laws obviously were meant to get more middle income people to have skin in game. Thus any attempt in future to get rid of RS, or at least return luxury decontrol, won't fly as it would affect a larger subset of RS tenants.
I agree. Whether we like it or not, that's how it is currently. I started looking for "affordable housing" about two years ago because I found out an acquaintance got one in a luxury building when he was right out of college making 40% AMI and now makes 130-165 but his rent stayed the same this entire time plus the annual 1, 2 percent. He has no plans to move.
I wish I started looking earlier. If I take any of the new fancy 1 beds, I'll be rent burdened.
I agree. Whether we like it or not, that's how it is currently. I started looking for "affordable housing" about two years ago because I found out an acquaintance got one in a luxury building when he was right out of college making 40% AMI and now makes 130-165 but his rent stayed the same this entire time plus the annual 1, 2 percent. He has no plans to move.
I wish I started looking earlier. If I take any of the new fancy 1 beds, I'll be rent burdened.
I started looking about 5 years ago and I’m upset with myself for not staying on top of applying especially during the pandemic. At least 6 people I know won lotteries between 2020 to now.
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