Poor families to get more help with rent from New York state
New York
IN a settlement that could help thousands of families avoid eviction, New York state will substantially increase the monthly rent subsidies it provides to low-income families with children in New York City, a move that could help reduce the number of people in homeless shelters.
The public assistance programme, known as the Family Eviction Prevention Supplement, has remained flat since it was established in 2004, even as rents have skyrocketed. Under the settlement, a family of three eligible for US$850 per month, for example, would now be eligible for US$1,515, a 78 per c…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
US existing home sales drop in March; median price increases
German home building permits tumble 18% in February, extending rout
China national who had Singaporeans front plan to buy East Coast houses pleads guilty
Freddie Mac seeks regulatory approval to back home-equity loans
China national fined S$45,000 for having Singaporeans front plan to buy East Coast houses
Condo rents inch up after 7-month decline; volumes recover: SRX, 99.co