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On May 14, the New York City Council unanimously voted to expand a housing subsidy program that will now give a rent freeze to tens of thousands more seniors citywide.
As part of New York State’s 2014-2015 budget, the state legislature approved on March 31 a huge increase to the income limit for eligibility in the city’s Senior Citizen Rent Increase Exemption (SCRIE) program. The exemption freezes housing costs for rent-regulated residents older than age 62 who already pay more than one-third of their income for rent.
