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Ms. Yamamoto's business survived thanks to an empathetic landlord who kept her rent below market, but who recently became ill and relinquished his business role.
But the law change allows deregulation even if the tenant pays what the rent-stabilization code calls a "preferential" rent below that amount.
Mr. Rangel leases four apartments, each with a rent below the $2,000 threshold, seemingly protecting him from high-income decontrol.
When that reform was introduced in 2008 they were allowed to keep up to £15 a week if they secured a rent below the LHA, in the hope that this would drive down rents.
Twenty percent of the rentals will rent below market rate, and the project, which is scheduled to open this summer, will also include 3,600 square feet of ground-floor retail space.
That some people pay rent below the exorbitant rates of the private market, and that this rent is reinvested by local authorities and housing associations is politically abhorrent to a tribe who deem profit as the greatest social good.
Similar(51)
And this afternoon, the Democratic Congressional Campaign Committee filed a complaint accusing Mr. Nielsen of violating federal campaign finance laws by paying rent at below-market rates to a landlord who is also a contributor.
This shortage approaches 5,400 units with rents below $760.
Many of the people displaced were renting below market rates.
From October only rents below the 30th percentile for the area will be eligible.
This shortage has been estimated at 15,400 units with rents below $900.
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