Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The MR apartments look nice and pretty large, some 1brs with TWO walk-in closets. We'll see what kinds of units are available to lotto folks. It really blows my mind though that a single person has to make over 100k these days to qualify for the most common type of "affordable" housing.
IIRC this is an older building that went up with 421-a tax abatements (back in 2000) thus RS lottery units.
If one's numbers are correct building is about 13 years into abatement scheme. If only for thirty years question is will RS units reset to market rent upon expiration of abatement or upon vacancy.
The MR apartments look nice and pretty large, some 1brs with TWO walk-in closets. We'll see what kinds of units are available to lotto folks. It really blows my mind though that a single person has to make over 100k these days to qualify for the most common type of "affordable" housing.
One reason why democrats in Albany got rid of luxury decontrol with 2019 rent laws.
By old standard rent of $2,500 and the annual household income is in excess of $200,000 for each of the two preceding calendar years could allow LL to file with DCHR to have unit decontrolled.
Obviously median household incomes have risen since and what was "middle class" back in 1990's isn't same today.
By getting rid of luxury decontrol democrats in Albany sought to give higher income households more of a stake in RS. This (so they hope) will give such households reasons to vote for those who will protect RS rather than get rid of thing.
So now you have RS apartments going for $3k to $5k and above.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
