The Federal Definition Of Affordable Housing

HMLS New Yorker

The United States Department of Housing and Urban Development defines affordable housing as follows: “In general, housing for which the occupant(s) is/are paying no more than 30 percent of his or her income for gross housing costs, including utilities.”

The speaker at the affordable housing seminar I went to yesterday said that most New Yorkers pay over 60% of their income for rent.

If you spend more than 30% of your income on rent, you are said to be “overburdened.”

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The Legal Definition Of Independent Living Plan (ILP)

HMLS New Yorker

18 CRR-NY 352.35 defines an independent living plan as follows: “A plan developed and/or revised by a social services district and/or its designee, with the cooperation of an individual or family, which sets forth a strategy for meeting such individual’s or family’s housing-related public assistance and care needs as identified in an assessment and for obtaining housing other than temporary housing and which establishes such individual’s or family’s responsibilities during their receipt of temporary housing assistance and specifies the conditions upon which temporary housing assistance will be provided. An independent living plan also must specify the temporary housing facility, if any, to which the individual or family has been or will be referred, any requirements of such facility, and the expected duration of the individual’s or family’s receipt of temporary housing assistance.”

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What Is Rent Control?

NYC Rent Control Rules

Rent control is defined by Investopedia as follows: “A price control that limits the amount a property owner can charge for renting out a home, apartment or other real estate. Rent control acts as a price ceiling by preventing rents either from being charged above a certain level or from increasing at a rate higher than a predetermined percentage.”

Note that rent control does not necessarily mean that the housing under rent control will be affordable.  A landlord can increase the rent of a rent controlled unit every two years by 7.5% until the maximum base is reached.

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