For 2023-2024, rent increases were capped at 3% for one-year leases and 5% for two-year leases. Historical data shows that rent-stabilized apartments have consistently lower rent increases compared to market-rate units, helping to curb displacement. The Role of Rent Stabilization in Preventing Ho...
"I believe that was their goal before they bought," said Youngstown homeowner Jodi Johnson. "And I believe that will be their goal to entice investors across the United States to them, under the premise that they'll be able to get rid of rent stabilization ordinances, ...
told residents earlier this year rent would go up after purchasing the trailer park in March. Despite multiple warnings from housing officials that the company’srent increases are illegalbecause they exceed the city’s 3.14%maximum allowable increasefor 2023-24, company representatives said San Jose...
Our guide to rent-stabilized apartments in NYC walks you through the history of rent regulation, the difference between rent control and rent stabilization, andrecent changes to the New York rent laws.And most importantly, it gives you actionable tips on how...
A landmark 2019 study on rent control in San Francisco found that the city’s rent stabilization ordinance encouraged landlords to convert rental units into owner-occupied condominiums (which could be sold at any price). …rent control cannot solve a housing affordability crisis caused by decades ...
“It’s a delicate balance,” Corina Grigoras, assistant director of the housing division at the Department of Commerce, told the Senate Housing committee. A large rent increase can destabilize renter households, but no increase can destabilize housing providers, she said. ...
As of December 31, 2023 (1)Projected increase upon lease renewal, opt in or unit turnover. As of December 31, 2023, MAA had completed installation of Smart Home technology (unit entry locks, mobile control of lights and thermostat and leak monitoring) in over 93,000...
Similarly, LP equity providers will find compelling opportunities for recapitalizing assets and portfolios at stabilization or with forward take-outs. Construction Financing: Lenders are currently more selective in funding new development due to banking sector pressures and fewer loan pay-offs than ...
The continuous surge in Sydney's unit rents has resulted in a new record annual increase of 19.1%, equivalent to an additional $106 per week or nearly $5,500 per year, CoreLogic reported. “There is no ignoring the fact that themismatch between supply and demandcontinues to be the driving...
Securing a rent to own agreement with bad credit may require some additional steps and proactive measures. Here are some essential steps you can take to increase your chances of successfully navigating the rent to own process: 1. Review and Understand Your Credit Report: Obtain a copy of your...