Sentences with phrase «percent vacancy allowance»

Tenant advocates and public officials have long criticized the 20 percent vacancy allowance.

Not exact matches

Even though only about 13 percent of rent - stabilized apartments turn over each year, a report released on Tuesday by the antipoverty group Community Service Society of New York argued that the vacancy allowance, which has been in place since 1969, is so high that it contributes more to the overall rise in stabilized rents than the annual increases.