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Renters

All articles tagged with #renters

New England Eyes Plug-In Solar to Bring Solar Power to Renters
energy7 days ago

New England Eyes Plug-In Solar to Bring Solar Power to Renters

Lawmakers in Maine, Vermont, New Hampshire, Massachusetts, and Rhode Island are weighing bills to allow small plug-in solar panels that connect to home outlets, removing the need for rooftop installations and potentially lowering electricity bills for renters and others without easy access to rooftop solar. The approach mirrors European adoption and Utah’s 2025 lead, but would require updated electrical codes and national safety certifications before widespread sale; costs can reach up to about $2,000, and critics say it won’t be a universal solution, though supporters argue prices could fall with broader adoption and that the technology offers a practical entry point to clean energy for renters and apartments.

via Inside Climate News|
#energy#legislation#new-england
California mandates in-unit stoves and refrigerators in apartments
local-government1 month ago

California mandates in-unit stoves and refrigerators in apartments

Starting January 1, 2023, California law requires landlords to provide all apartments with a working stove and refrigerator, ending a regional trend where tenants often had to buy their own appliances, which has been seen as a barrier for low-income renters. The law aims to improve living standards and reduce costs for tenants, though it faces opposition from realtor groups concerned about increased legal disputes and reduced rental availability. Enforcement will be managed locally, with tenants able to file complaints if landlords fail to comply.

via CalMatters|
#appliances#california#housing-law
NYC's Broker Fee Ban Takes Effect, Saving Renters Money
local-news8 months ago

NYC's Broker Fee Ban Takes Effect, Saving Renters Money

A federal judge has approved the implementation of a NYC law banning most broker fees, which is set to take effect on June 11, potentially reducing upfront costs for renters despite opposition from real estate groups. The law aims to address the financial burden of broker fees on tenants, especially low-income renters, and includes penalties for violations. The ruling clears the way for the law's enforcement, with ongoing debates about its impact on rent prices.

via Gothamist|
#broker-fee-ban#court-ruling#housing
NYC Council Ends Broker Fees for Tenants, Shifts Cost to Landlords
real-estate1 year ago

NYC Council Ends Broker Fees for Tenants, Shifts Cost to Landlords

The New York City council has passed the Fairness in Apartment Rental Expenses Act (Fare), which eliminates broker fees for tenants, shifting the cost to landlords. This move aims to reduce the high upfront costs of renting in the city, where the median rent is $3,500. The bill, passed with a veto-proof majority, will take effect 180 days after becoming law. While Mayor Eric Adams has expressed concerns about the impact on small property owners, the legislation is seen as a step towards fairness in rental expenses.

via The Guardian US|
#broker-fees#housing-policy#landlords
"Post-Pandemic Economy: Perspectives Vary by Homeownership"
economy1 year ago

"Post-Pandemic Economy: Perspectives Vary by Homeownership"

The economic outlook for Americans varies significantly based on homeownership status. Renters face financial struggles with rising rents and higher rates of bill nonpayment, while homeowners benefit from low mortgage rates and increased home equity. This disparity complicates the Federal Reserve's efforts to manage inflation, as homeowners' spending power supports consumer prices.

via Yahoo Finance|
#economy#federal-reserve#homeowners
"Biden's Bold Plan: Tax Credits and Solutions for America's Housing Crisis"
politicseconomy2 years ago

"Biden's Bold Plan: Tax Credits and Solutions for America's Housing Crisis"

President Biden will propose a $10,000 tax credit for first-time homebuyers and sellers, the construction of 2 million homes, and cost reductions for renters in his State of the Union address. The plan includes a mortgage relief credit, down payment assistance, and measures to incentivize homeowners to sell. Additionally, Biden aims to address housing supply challenges and control costs for renters, with proposals to expand rental assistance and target corporate landlords. Housing associations have responded positively to the proposals, while also expressing concerns about potential impacts on consumer protections and competition.

via HousingWire|
#construction#housing#joe-biden
"Biden's Plan: Lowering Housing Costs and Offering Tax Credits for First-Time Home Buyers"
politics2 years ago

"Biden's Plan: Lowering Housing Costs and Offering Tax Credits for First-Time Home Buyers"

President Biden announced a plan to lower housing costs for working families by building and preserving over 2 million new homes, providing tax credits for first-time homebuyers, reducing closing costs for refinancing, and cracking down on unfair rental practices. The plan aims to make homeownership more accessible, lower rental costs, and promote fair housing. Additionally, the President is calling on Congress to pass legislation to enable more Americans to purchase a home, expand the Low-Income Housing Tax Credit, and create a new competitive grant fund to support housing construction.

via The White House|
#affordable-homes#homeownership#housing-costs
"Eviction Threats During COVID-19 Linked to Soaring Death Rates: Study"
social-issues2 years ago

"Eviction Threats During COVID-19 Linked to Soaring Death Rates: Study"

A study published in the Journal of the American Medical Association reveals that renters facing eviction during the first two years of the COVID-19 pandemic experienced a 106% higher mortality rate than expected, emphasizing the fatal consequences of housing insecurity. The research, which analyzed 282,000 renters, highlights the critical link between housing stability and public health, with the lead author emphasizing that the ongoing housing affordability crisis poses a significant threat despite the easing of COVID-19.

via New York Post |
#covid-19-pandemic#eviction#housing-insecurity