Finally, splendid news that should be of considerable interest and assistance to our seniors and prospective seniors and a plus for affordable housing:
"The plan, which was first enacted in the state two months ago, would
increase the maximum income a senior can have in order to qualify for
the rent assistance program from $29,000 to $50,000. SCRIE (Senior
Citizen Rent Increase Exemption) limits rents for people over 62 in
rent-regulated housing who pay more than a third of their incomes in
rent. Any rent hikes after leases are signed get paid to the landlord
through a tax abatement, not by the tenants. The expansion is expected
to make 22,000 additional seniors eligible for the program, Kavanagh
Thank you, Brian Kavanagh.
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