- 11 months ago
Affordable housing is a very real issue that affects all New Yorkers. And now that the rent freeze is over, rents are going to increase: 1.25% increase for 1-year leases and 2% increases for 2-year leases. So the endless quest for affordable housing goes on.
Laura Nahmias, reporter on City Hall for POLITICO New York, talks about the recent rent guidelines vote and the new proposal to extend housing assistance. She explains, that there's only about 850,000 rent stabilized units in New York City and that's just a small piece of the pie. But there's a new proposal, "Living in Communities" (LINC) that is intended to make the city's rent subsidy programs more effective.