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Getting Evicted Just Got You More Dough

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That condo boom got a lot of people scared and concerned. Once kicked out, where can one afford a living space in the same area with a decent price? That proved to be difficult for many, so they fought and thanks to the leadership of the Coalition for Economic Survival, there be some changes in this town. What follows is from their e-mail newsletter:

The new relocation assistance amounts for tenants receiving evictions notices for all types of no-fault evictions in rent stabilized units and for condominium conversions in non-rent stabilized units, dated from April 11, 2007 and on, is:

--$6,810 to tenants who have lived in their apartments less than three years, or $14,850 for those who are older, disabled or have minor children.

--$9,040 to tenants who have lived in their apartments more than three years, or $17,080 for those older, disabled or with minor children.

--From $9,040 to $17,080 to tenants whose income is 80% or below the area's median income of $59,200 for a family of four, regardless of the length of tenancy.

More info on the Ordinance from CES after the jump

Photo by Coalition for Economic Survival