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.
The potential market could afford to rent units for $750 to more than $2,250 per month, with the largest group at 22 percent being able to afford between $1,500 to $1,750 per month, according to Volk's analysis. The weighted average would amount to about ...more
Prospects for the U.S. commercial real estate appear promising for next year, with broad rent increases as well as tighter vacancy rates in most major sectors, according to the National Association of Realtors. Lawrence Yun, the NARs chief economist ...more
NYCHA selects applicants for available housing based on a complicated formula that examines a variety of factors, including the applicant's ability to pay rent. The formula, which officials say is impartial, matches applicants with vacancies as they arise.more
The unit count included units managed and maintained by the authorities with state and federal funding, and federal housing assistance vouchers, which are used to rent privately-operated housing.more
The case also drew the interest of lawyers who saw it as a threat to the housing stability of many low-income New Yorkers. Mrs. Santiago's case was argued before the state court by Ronald J. Mann, a law professor at Columbia University and experienced...more