New York City rents rise, even as thousands struggle to pay



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In one of her first acts as governor, Ms Hochul said the state was doing a ‘quick review’ of the program’s workflow and reassigning 100 contractors to help homeowners complete the paperwork required for the installment. payments.

She also said the state would spend an additional $ 1 million on outreach, focusing specifically on areas where the state was not receiving as many requests as expected.

“We want to reimburse the owners, make the people whole,” she said on MSNBC Wednesday. “People don’t know it, so I’m going to work locally to get the message out. “

Congresswoman Linda B. Rosenthal, who chairs the social committee and held a hearing earlier this month on the rent relief program, said she was “very, very happy” with Ms Hochul’s urgent measures in terms of rent relief.

“There are a million issues that she could have chosen,” Ms. Rosenthal said.

Zumper used data from over a million active rental listings – from other rental listing services as well as the company’s own platform – to calculate the median rent for a room. asked New York and San Francisco, two infamously expensive cities.

As of March 2020, that figure in San Francisco was $ 3,500, compared to $ 2,850 in New York, according to Zumper. After the pandemic struck and many people with the means to relocate and the ability to work remotely left their homes in cities, rents plummeted. By January 2021, the median rent in San Francisco had fallen 23.4% to $ 2,680, and the median rent in New York City had fallen 17.5% to $ 2,350.

Then, as vaccines became more available and cities began to ease their restrictions in the event of a pandemic, people started moving back to cities and rents started to rise again, although they had risen a lot. faster in New York, said Jeff Andrews, author of the Zumper Report. .

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