Mamdani to Lower Rent for Poorest New Yorkers in City-Financed Buildings (opens in new tab)

Mayor Zohran Mamdani plans to lower the rent for some of the poorest New Yorkers. The mayor will announce on Tuesday that New Yorkers who are considered “extremely low-income” — no more than $50,880 for a family of four — will pay a quarter of their income on rent, down from 30%, on city-subsized apartments. […] The post appeared first on .