NYC rentals

affordable housing, Policy

joe crowley, rent relief act, house of representatives

Photos via Wikimedia (l) and Pixbay (r)

Rep. Joeseph Crowley announced federal legislation this week that aims to create two refundable tax credits for low- and middle-income renters. For rental households across the U.S. with incomes of $125,000 or less, the Rent Relief Act would provide them with one of two tax credits, if the bill becomes law. According to the Democratic congressman, who represents part of the Bronx and Queens in New York’s 14th congressional district, roughly 111 million Americans live in rental housing, with about two-thirds of all households in New York City currently renting, twice the national average.

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