What is a 'major capital improvement' and how does it affect the rent?

… While you want our apartment to be kept in good condition tenants of rent controlled or rent stabilized units in New York City … improvements … Renovation … Rentrentals … renting … What is a major capital improvement and how does it affect …

By Celia Young |September 11, 2024 - 10:30AM
NYC budget includes an extra $2 billion to build and preserve affordable housing

… And it also made a multibillion dollar investment in affordable housing The budget adopted by the City Council on … income adults build generational wealth  Read on for an overview of what the city budget has in store for housing … … The Housing Authority had planned to cut the program at 55 buildings across the city to curb costs as NYCHA faced a …

By Celia Young |July 2, 2024 - 2:00PM
NY raises cap on rent increases at newly renovated rent-stabilized buildings

… Read on to learn how the new policy on Individual Apartment Improvements or IAIs for short could impact your … rent hikes were capped at $83 or $89 for $15000 worth of improvements over 15 years and those increases ended after … unit without your permission Its up to you to decide if the improvements are worth the rent increase and inconvenience …

By Celia Young |April 24, 2024 - 4:00PM