Affordable housing bill helps more low-income senior citizens
NEW YORK - Mayor Bill de Blasio has signed updated legislation that he says will help prevent low-income senior citizens from being priced out of their homes.
The new affordable housing bill will give rent breaks to an additional 6,000 senior households citywide by raising the income ceiling for those eligible.
Tenants must be at least 52 years old and make less than $50,000 per year. The maximum income level was previously $29,000.
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The bill officially goes into effect July 1.