Stringer Calls for Changes to Security Deposit Payments
City Comptroller Scott M. Stringer is proposing new ways for New Yorkers to pay for security deposits because of the alarming number of issues specifically faced by low-income tenants. A report released by Stringer’s office shows that in the Bronx tenants are paying on average more than 10 percent of their annual income to secure an apartment. In Melrose, Longwood, and Hunts Point, tenants are paying 15.8 percent of their annual income, and in Claremont-Bathgate they pay 25 percent. “Every day, New Yorkers are working harder and saving less – and right now, huge proportions of their annual incomes are
