If you live in New Jersey, you’ve probably been waiting for a chance to move there.
But it may not be for quite some time.
The state of New York has a long-standing housing affordability problem: Most of its affordable apartments are terribly expensive.
So it’s no surprise that the state is trying to solve the problem.
In a report released on Monday, New York City Housing Authority (NYCHA) officials announced that they are launching a pilot program in which affluent New Yorkers will be offered an apartment with a price tag of no more than $2,000.
To be eligible, renters will have to have lived in New Yorkers for at least three years and have a net worth of at least $500,000 to be eligible for the program.
For now, only 30 of the state’s 2,500 affordability assignments are being offered.
But the NYCHA says it’s hoping to increase the number of affirmatively affirmed affairs by 20% per year.
The NYCHA is also launching a nationwide program that will enable all New Yorkers to live in apartments with a similar price tag as their homes in New Hampshire and Vermont.
The initiative also includes a reduced cost reward for renters that meet the affluence requirement.
In order to qualify, you’ll have to live within a 20-mile radius of New Jersey and have been living there for at least the past three years.
The NYCHA is looking for a mix of renters and owners, and it says that it will be working closely with its partners to determine whether any of the renters are interested in the program, how they will be selected, and whether there are any concerns about the potential for the reservation system.
What will it cost?
In a study published in the Financial Times, the NYCHA described the pilot program as a new affair, which would provide people with a new, affortite rental experience.
This affliction is the result of the housing crisis in New Jersey, where there are over 200,000 residential units in the state at the moment.
At the same time, a shortage of affordable housing has been widespread in New York, as well as in the United States at large.
“There are over 6 million afforest people in New Jerseys and there is an average resident occupancy rate of 20.8% in NYC, according to the New York City Department of Sustainable Development,” according to the NYCCHA.
“This excludes the vast majority of housing in our state and has led to disparate housing outcomes.”
It’s also important to note that the POWER program is not just for people who are afflicted with housing affordability. It’s also for afflicients who need to move out of their home and are not currently renting.
As the NYTimes report notes, it’s not clear if the program will affect people like Matt Bertolotto, who suffered a major health issue when he moved to New Jersey to live with his wife.
Bolotto is a senior resident at the Johns Hopkins University Medical Center in Baltimore. He calls the move a blessing but he says that he’d like to have another opportunity to move to New York. Matt says that his own health issues have not improved at all since moving to Jersey and that he’s still lucky to have his parents who are still living in their own home in nearby Newark.
But Matt doesn’t want to leave his family behind.
While the pilot has raised questions about the safety of moving to New York, Matt’s parents, John Brent Bartolotto and his grandfather, Frank Barts Bortolotto (1909-1989),