Affordable Housing Gentrification Case Study

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Although, New York City has attempted in trying to strengthen their affordable housing dilemma it has never been strong enough to combat gentrification in neighborhoods all across New York City. Thus the city should increase rent stabilized apartments, and prevertaion of federally subsidized housing . A proposed solution is to enhance rent stabilization policies as an approach to enable long-lasting occupants to remain in their homes. Shortly after 1943 rent regulation reforms were introduced after the shortage of WW2. After this occurred legislation was made in 1969 Rent Stabilization Law to the 1997 rent regulation made. These legislations were used to help low income residents and many who couldn't afford to keep up with the high increasing …show more content…

Rent control arrangements guarantee that rents don't soar from year-to-year. Like property holders paying a settled rate contract, tenants living in a rent controlled flat can typically know their rental expenses over the long haul. In places like London that rely heavily on rent control apartments to keep a mixed social equality for all and allow for housing for the rich and poor. If more apartments re rent stabilized or even rent control through an increase in new affordable housing it can lead to De Blasio more units being able for tenants to live in. Since rent prices have surged due to gentrification, it has been hard for the natives to continue to reside to what they always knew as home. Secondly, The preservation of federally subsidized afforable housing allows for homes to not be lost when landlords convert to a private housing.Since 1965, the government sponsor subsidies for low income housing which had been known as Section 236 mortgage program which Utilizes a financing cost appropriation to give moderate rents to low-income

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