There will be public hearings in each of the boroughs during the last week of April about the latest water and sewer rate increase proposal. Mayor de Blasio's administration is proposing a 3.24% increase to take effect on July 1, 2015. UNHP will be testifying against the rate increase at the Bronx Hearings. While UNHP acknowledges the increase is the lowest in 10 years, UNHP is calling for a freeze this year and a re-evaluation of how water rates are set for affordable housing next year.
The UNHP Free Tax Preparation Program depends on the generosity of our college student volunteers. Students from Fordham University, Manhattan College and Lehman College take a 15 hour on-line training as well as an 8 hour in person training before they begin working with tax filers. Meet Maimouna, one of our 80 student volunteers, who have trained for the UNHP program in 2015.
Housing, especially rental housing in New York City, exists with two purposes: to provide homes for people and families, and to be bought, sold and rented as commodities. Today in Part Two, we focus on prices and profitability of housing from the investor side, and a huge surge (perhaps another bubble) in the market.