New York City frames fresh rules to help 'three-quarter home' tenants
Councilman calls the five Bills a game changer that will curb the excesses of predatory operators
New York
COREY Bates lost his apartment when the rent was increased. His work hours were cut. So in January 2015, he jumped when a non-profit agency referred him to a programme called Back on Track that promised him temporary housing and a permanent home in six months.
There was just one catch: Like everyone else, Mr Bates, then 32, had to go to an outpatient substance-abuse programme every day for treatment that he said he did not need. He stayed for more than seven months, sleeping on the top bunk in a four-bedroom Brooklyn home crammed with about 30 men, some of whom were drug addicts who relapsed to be able to keep their housing, Mr Bates said. Only gradually did he realise that no permanent home was coming.
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Property
Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
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HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%