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New York City and the state government began dual administration of rent regulation in 1962, and 75,000 expensive apartments were gradually deregulated by 1968. In 1969, construction and vacancy rates slumped, causing non-regulated rents to rise nationally.
The 2023 reports found at least 9,694 apartments left rent regulation, more than one-third of them in largely luxury buildings whose 421-a tax break had expired. Nearly all new rent...
If you'd rather rent than buy a house, finding a rent-stabilized apartment might be the perfect way to lower your monthly rental costs. And since the state of New York passed the Rent Act...
The New York City Rent Guidelines Board's controversial hike goes into effect on Sunday, Oct. 1, allowing owners of stabilized units to increase prices by up to 3 percent, city records...
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 Yorkers throughout the five boroughs of New York City. [1] [2] NYCHA also administers a citywide Section 8 Leased Housing Program in rental apartments.
Rental apartments are displayed in a realtor's office window on July 26 in Brooklyn. (Spencer Platt/Getty Images) NEW YORK CITY — Rent relief is coming to New York City in 2023, but change will ...
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