Realtor.com: Typical NY Metro Household Needs to Spend Nearly 67% of Income on Median-Priced Home
San Diego, San Jose, New York, and Boston also saw affordability ratios well above 60%.
Currently, localities must conduct a survey of rental housing they propose to regulate and demonstrate that the vacancy rate is below 5%. This bill leaves that option in place, but creates an alternative method.
Legislation S.8203/A.8427-A extends temporary permits to more New York City businesses. Legislation S.9685/A.7116 doubles the duration of temporary permits at the same cost.
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