New York City's affordable housing crisis may be on the verge of a significant shift, as a new policy aims to incentivize landlords to rent out long-vacant apartments. For months, many affordable homes in the city have remained empty, exacerbating the shortage of affordable housing options for low-income residents. However, a proposed change to the city's rent regulations could soon make it more financially viable for landlords to rent out these units, potentially addressing the issue of vacant affordable housing. The policy, which is being closely watched by housing advocates and city officials, could have a major impact on the lives of thousands of New Yorkers struggling to find affordable housing.
Affordable N.Y.C. Homes Stay Empty for Months. That May Soon Change. The New York Times
