CHIP: Vacancies, Late Payments Weigh on Rent-Stabilized Landlords

Even as rent delinquencies declined from 25% to 18%, vacancies in residential buildings have doubled to 8% since February, Crain’s New York Business reported, citing a report from Community Housing Improvement Program. At least 15% of renters are more than one month behind on their payments, the report said—about 300,000 units if applied to the entire city.

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