NYC Rent Freeze Program is Under the Radar
by Clare Doyle
If you are over the age of 62 and make less than $50,000 per year, you may be able to enroll in SCRIE, the Senior Citizen Rent Increase Exemption Program, which can freeze seniors’ rent at a third of their income and relieves them from future rent increases. The City of New York pays for the difference in rent by giving landlords credits for their property tax bills.
NBC reports that many seniors who might be eligible don’t even know about the program. A similar rent freeze program, DRIE, is aimed at New Yorkers with disabilities. People enrolled in the programs must reapply each year to ensure they don’t earn more than $50,000 per year. You can find more information on the DRIE program here, and on the SCRIE program here.
Apartments (Astoria Park), photo credit Dean Hall, via Flickr/Creative Commons license.
March 19, 2019
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