Rents Set to Almost Double at ENY Mitchell-Lama
Many tenants at an East New York housing complex have been evicted or forced to move because their rents have gone through the roof, reports the Daily News. Rents at Linden Plaza, a five-building Mitchell-Lama development with 319 residential units, have gone up by $300 so far in the past year or so, and will increase again next year so that the price for a one-bedroom will have gone from $664 to $1,132. The increases are paying for a capital improvements program at the complex. Some of the disgruntled tenants were counting on Section 8 vouchers to cover the increase but claim that bureaucratic delays thwarted them. Bob Vaccarello, president of RY Management, which oversees Linden Plaza, said that “anybody who was eligible did get a voucher,” adding that some tenants simply missed deadlines or failed to provide enough information. A city spokesman said that the rents are lower than what residents would pay if the owners left the Mitchell-Lama subsidy program, but this is a cold comfort to some. The Daily News spoke with tenant Carol Thompson, 53, who lost her job last year and has received no word regarding her voucher application. She has borrowed money from relatives to make rent, but doesn’t know what to do in the long term. “I just can’t afford it,” she said. “They’re sucking people dry.” GMAP P*Shark
Rent Hike Shocks Tenants [NY Daily News]
Image from PropertyShark
Feb 02, 2012 | 12:31 PM