New York City Rents Rise, Even as Thousands Struggle to Pay

In her first assignments as governor, Ms Hochul said the state is “rapidly reviewing” the program’s work flow, and renegotiated 100 contractors to help landlords complete the paperwork needed for payments. handing over from

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

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

Assembly member Linda B. Rosenthal, who chaired the social committee and held a hearing on the rent relief program earlier this month, said she was “very, very happy” with Ms Hochul’s immediate steps on rent relief.

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

Jumper used data from more than a million active rental listings — through the company’s own platform, along with other rental listing services — to calculate the average one-bedroom rent in New York City and San Francisco, both notoriously expensive cities. For.

According to Jumper, in March 2020, the figure in San Francisco was $3,500 compared to $2,850 in New York City. After the pandemic hit, and many people left their homes in cities with the ability to relocate and work remotely, rents plummeted. By January 2021, the median rent in San Francisco had fallen 23.4 percent to $2,680, and the median rent in New York City had fallen 17.5 percent to $2,350.

Then as vaccines became more available, and cities began easing their pandemic restrictions, people began to return to cities, and rents began to rise again, although they were rising much faster in New York City, jumper Report author Jeff Andrews said.

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