Posted by Mary on April 28, 1997 at 18:59:56:
In Reply to: New Census Bureau states show tenants who benefit from rent regs are mostly lower middle class or working poor posted by Dottie on April 28, 1997 at 11:18:02:
: In an article in the NYTimes with the headline "Ads Seek to Push D'Amato and Pataki into Rent Debate," p.B1 and B4, there is also a table of "Who Benefits From Subsidies." New Census Bureau statistics paint a clear portrait of who lives in rent-regulated apartments, contesting some of the assumptions at the base of the fervent debate in Albany. Most tenants who benefit from rent subsidies are neither very poor nor very wealthy, neither welfare-dependent nor owners of second homes. They are mostly lower middle class or working poor people. . .The numbers show that only 5% of those families in rent-regulated apartments report yearly incomes of more than $100,000. At the same time, some 9% earn less than $10,000 a year. The household income in most. . .is less than $30,000 a year. . ."
I've read that home owners "benefit from subsides" in the form of tax deductions for propety taxes and mortgage interest. It is not only people in rent-regulated apartments who benefit from "subsides".
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