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The New York State Division of Housing and Community Renewal (DHCR) is an agency of the New York state government [1] responsible for administering housing and community development programs to promote affordable housing, community revitalization, and economic growth. Its primary functions include supervising rent regulations through the State Office of Rent Administration (ORA), administering ...
Here’s the income you must earn to keep housing costs under 30% of your gross earnings in each New York City borough, plus median rent costs and other average expenses.
According to the American Community Survey's (ACS) 2019 estimate, Utah is the most equal state when it comes to income, while New York is the most unequal by this measure, with the Gini indices, before taxes and transfer, [ 17 ] of 0.4268 and 0.5149, respectively. [ 18 ]
Methodology: GOBankingRates calculated the salary needed to afford rent in every state by using the budget rule of thumb that says to keep housing costs at 30% or less of your income ...
Section 8 of the Housing Act of 1937 (42 U.S.C. § 1437f), commonly known as Section 8, provides rental housing assistance to low-income households in the United States by paying private landlords on behalf of these tenants. Approximately 68% of this assistance benefits seniors, children, and individuals with disabilities. [1] The Department of Housing and Urban Development (HUD) oversees ...
Story at a glance Renters living in the New York metro area have the highest rent-to-income ratio in the country at nearly 69 percent, according to a new report from Moody’s Analytics. Figures ...
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