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All articles tagged with #rent

NYC eviction surge exposes deeper rent affordability crisis
local12 days ago

NYC eviction surge exposes deeper rent affordability crisis

New York City saw more than 8,000 renter evictions through June 2026 (about 1,345 per month), underscoring a widening housing affordability crisis as rents rise. The city’s 2025 evictions reached 17,791—the highest since 2018—amid court backlogs and limited rental aid. Advocates call for expanded aid and faster emergency relief, while officials push broader housing vouchers (CityFHEPS) and greater access to legal counsel, though programs remain underused and lengthy proceedings persist. Eviction Lab data add context, showing roughly 112,000 eviction filings in the past year (~5% of renter households).

via Gothamist|
#eviction#housing-crisis#local
policy27 days ago

Rent collections dip in NYC’s affordable housing amid rising costs and policy shifts

New York City’s affordable-housing rent collections remain well below pre-pandemic levels, with about 89% collected last year versus 95% previously, jeopardizing nonprofit-built buildings that run on tight margins; while some tenants may be deliberately withholding payments, many face ongoing financial strain as costs rise and wages lag. City officials are pushing to expand emergency rental aid and subsidies and are weighing rent-relief measures for extremely low-income and rent-stabilized units, including potential rent freezes, but relief is complicated by housing-court backlogs and the lingering aftereffects of pandemic-era policies.

via Politico|
#affordable-housing#eviction#new-york-city
Thrifty in the Big Apple: A West Harlem Editor Juggling Jazz on $55K
lifestyle1 month ago

Thrifty in the Big Apple: A West Harlem Editor Juggling Jazz on $55K

Twenty-something Ruby Pucillo, an assistant editor at Abrams and an improv jazz musician, earns about $55,000 a year and shares a rent-stabilized West Harlem apartment with two roommates, paying around $1,460 monthly. After rent, she tracks nearly every cent—groceries around $300, pre-tax transit $140, cushion for surprises, and a $500 monthly entertainment budget—to save for a future NYC ownership goal. She leans on deals, clothing swaps, and frugal habits, and she plans to stay in New York despite the city’s high cost.

via The New York Times|
#budgeting#cost-of-living#frugality
Tonys 2026 Spotlight: A Chorus Line and Rent Get Special Performances
entertainment1 month ago

Tonys 2026 Spotlight: A Chorus Line and Rent Get Special Performances

Tony Awards 2026 will honor Broadway anniversaries with a 50th‑anniversary tribute to A Chorus Line and a Rent performance by Leslie Odom Jr., plus a Rachel Zegler tribute to A Chorus Line; Pink will headline the opening number with 170 Broadway performers, the Book of Mormon cast reunion, and a 30th‑anniversary segment for Chicago, as presenters are announced and the ceremony airs June 7 at Radio City Music Hall on CBS with streaming on Paramount+.

via Playbill|
#a-chorus-line#entertainment#leslie-odom-jr
New York Rent Freeze Clears First Hurdle, Sets Stage for Final Numbers
local2 months ago

New York Rent Freeze Clears First Hurdle, Sets Stage for Final Numbers

New York City’s Rent Guidelines Board approved preliminary ranges that effectively allow a rent freeze for rent-stabilized units: 0-2% on one-year leases and 0-4% on two-year leases, with final numbers due June 25. The seven-to-one-one vote occurred after Mayor Zohran Mamdani pushed to ease the city’s affordability crisis and amid loud debate between tenants and landlords. Tenant advocates praised the move as protecting renters, while landlords argued it threatens property finances. The panel’s decision comes as data show rising net operating income citywide, though opinions differ on the true costs and benefits of rent stabilization across boroughs.

via nytimes.com|
#housing#local#nyc
Rent Relief Spreads Across Several U.S. Cities
us-news4 months ago

Rent Relief Spreads Across Several U.S. Cities

Rents are easing in parts of the South and Mountain West, with Austin posting the largest decline and several other cities seeing 2–5% drops, while some metros like the Bay Area, Chicago, and St. Louis see gains in certain areas. Nationally, the median rent for new leases is down about 1.5% year over year but remains roughly 20% above pre‑pandemic levels at around $1,400, and Harvard notes more renters are spending over 30% of income on housing costs as homeownership remains out of reach.

via The Daily Beast|
#cost-of-living#housing#real-estate
London's Housing Crunch Pushes Adults into Shared Homes
economy4 months ago

London's Housing Crunch Pushes Adults into Shared Homes

Rising rents in London are driving more adults—often in their 30s and older—to share homes with multiple roommates; for example, a 36-year-old pays £900 for a share of a six-bedroom house, highlighting how typical rents (~£2,200/month) and incomes (£46,000/year) stretch affordability, reduce living space, and spur calls to increase housing supply and mobility.

via The New York Times|
#economy#housing#london
Mickey Rourke Faces Eviction Over Unapproved GoFundMe Campaign
entertainment4 months ago

Mickey Rourke Faces Eviction Over Unapproved GoFundMe Campaign

A Los Angeles court granted a default eviction against actor Mickey Rourke after he fell behind on roughly $59,100 in back rent for a three-bedroom home. A GoFundMe drive to raise $100,000 to cover back rent was organized by his manager without Rourke’s authorization, and he publicly denounced the effort as embarrassing and said he wouldn’t seek charity.

via NBC News|
#entertainment#eviction#gofundme
Bilt adds tiered earning on housing payments, boosting points to 1.25x
guides6 months ago

Bilt adds tiered earning on housing payments, boosting points to 1.25x

Bilt is launching a tiered earning option in its 2.0 system that lets you earn up to 1.25 points per dollar on rent or mortgage payments, based on how much of your housing payment you put toward everyday purchases. When you select tiers, you won’t earn the Bilt Cash on everyday purchases for that month; you can switch monthly to the original 4% Bilt Cash structure if you prefer — the change takes effect the following month. The update applies to the three new Bilt cards (Blue, Obsidian, Palladium) and complements existing redemption options, adding flexibility for housing-related rewards.

via The Points Guy|
#bilt#guides#mortgage
"Brooklyn Couple's $1,600 1-Bedroom Apartment with 150 Houseplants: A Peek Inside"
lifestyle2 years ago

"Brooklyn Couple's $1,600 1-Bedroom Apartment with 150 Houseplants: A Peek Inside"

Vionna Wai and her husband pay $1,600 a month for a one-bedroom apartment in Brooklyn, where they live with 150 houseplants and two cats. Wai, a construction engineer, finds taking care of her plants to be a form of self-care, spending about 30 minutes a week on maintenance. The couple has a designated "cat jungle corner" for their pet-friendly plants and hopes to one day have a greenhouse in the countryside.

via CNBC|
#brooklyn#cats#houseplants