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New York City Faces Escalating Housing Crisis as Thousands Fall Behind on Rent

Pro Builder

New York City Faces Escalating Housing Crisis as Thousands Fall Behind on Rent ldeakins Tue, 01/24/2023 - 11:39 The New York City Housing Authority collected its lowest share of rent payments on record in 2022, and as housing costs continue to soar, the agency faces a dire financial crisis Over 1,600 public housing agencies across the U.S.

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How Rent Control May Actually Be Hurting Cost-Burdened Tenants

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Additionally, existing rent regulations in costly metros like New York City often don’t include income tests, meaning that those who actually need rent protection are frequently left without that support, while those who can afford hefty rent hikes are able to easily secure rent stabilized units.

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How Rent Control May Actually Be Hurting Cost-Burdened Tenants

Pro Builder

Additionally, existing rent regulations in costly metros such as New York City often don’t include income tests, so those who actually need rent protection are frequently left without that support, while those who can afford hefty rent hikes are able to easily secure rent-stabilized units.

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Eichler Homes: Trademark in Architecture, Neighborhood Integration

Pro Builder

Joseph Eichler’s designs defined middle-class homes at the time, as did his work toward fair housing policies and integrated neighborhoods, according to Dwell. He went on to organize California’s housing issues convention, assisted in writing the state’s fair housing law, consulted with the federal Housing and Home Finance Agency, and more.

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It's Now Cheaper to Rent Than Buy in Every State

Pro Builder

That’s the question many prospective buyers and renters face, and the answer usually comes down to finances. With short housing supply and increasing home prices, renters have found relief in lowered rents in urban areas, sweetening the decision even further, says the New York Times. Housing Markets. metro areas.

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Critics Question ‘Housing First’ Approach as Homelessness Crisis Worsens

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Critics Question ‘Housing First’ Approach as Homelessness Crisis Worsens. Nearly 600,000 Americans were left without housing in 2020 as a result of surging costs and a rise in unemployment during the COVID-19 pandemic, CNBC reports. In 2019, New York City spent a record-breaking $3 billion to support its homeless population.

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Housing Outlook: Is This a Recession … or Not?

Pro Builder

Housing Outlook: Is This a Recession … or Not? The current housing slowdown is a reality, but determining whether we’re in a recession right now isn’t so clear. After a two-year period of frenetic activity spurred by low mortgage rates and rising home prices, the housing industry has its finger on the reset button. “I

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