Powerball winner Pedro Quezada is hosting a rent party — for his entire block.A close friend of the newly minted megamillionaire said Quezada promised to temporarily cover the housing costs for residents in the Passaic, N.J., neighborhood that housed his bodega.“He said he’s going to pay the rent for everybody here on this block for at least a month or two months,” the friend said Saturday outside Quezada’s Apple Deli Grocery. “He’s such a good guy.”Word of Quezada’s magnanimous gesture left several of his neighbors stunned.“God bless him, and thank you,” crowed Richard Delgado, 45, after learning of the pledge.RELATED: POWERBALL WINNER PUTS PASSAIC, N.J. BODEGA UP FOR SALEJohn Koblarz’s eyes lit up when he heard Quezada had offered to cover his neighbors’ rents.
Having faced the grim prospect of eviction just before the holidays, residents of a housing block in east London are instead toasting an unlikely victory over U.S. property investors.Multi-billion dollar asset management firm Westbrook Partners said Friday ...more
Just a few years ago, the Macksville superintendent told Dunn that he hired five new employees but none of them could live in the county because they couldnt find a place to buy or rent. Meanwhile, she added, a new Stafford principal a few years ago struck ...more
Transitional Housing Corp. has also participated in the city's controversial Rapid Rehousing program that provides families with temporary rent subsidies to keep them out of shelters. If confirmed by the D.C. Council, Donaldson would replace Michael P.more
There's an undersupply of single-family houses and apartments to rent for the first time since 2001, according to an analysis by Frank Nothaft, chief economist at mortgage buyer Freddie Mac, based on available inventory and historic vacancy rates. The ...more
"There's a common rule of thumb that says annual housing costs should not exceed 30 percent of one's annual income," wrote the report's author, Cory Hopkins. "Unfortunately for single renters making the federal minimum wage of $7.25 per hour, it's virtually ...more