Affordable Housing Crisis Grows Across the Country as Apartment Rents Skyrocket

‘On Monday, New York City took a dramatic step that highlights just how out of control rental housing costs have become in the Big Apple and in many cities nationwide. For the first time, New York froze rents for one-year leases on a million rent-stabilized apartments.

“Today’s decision means relief,” Mayor Bill de Blasio told reporters. “We know tenants have been forced to make painful choices that pitted ever-rising rent against necessities like groceries, child care and medical bills.”’

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