Some New Yorkers could afford to buy multimillion-dollar properties, but they’d rather rent a place for upward of $20,000 a month.
NYS Entity Status
NYS Filing Date
OCTOBER 25, 2013
NYS DOS ID#
NYS Entity Type
DOMESTIC LIMITED LIABILITY COMPANY
2013 - AFFORDABLE RENTAL HOUSE PROPERTIES, LLC
Around the Web
- Inside New York City’s Priciest Rentals
By CAROLINE BIGGS - Friday Sep 1, 2017
- Bill and Hillary Clinton's Hamptons Summer Rental Sells
Tuesday Aug 29, 2017
In East Hampton, N.Y., the property was sold by real estate developer Elie Hirschfeld, president of Hirschfeld Properties.
- S.F. supervisors amend, then pass, affordable housing law
By Rachel Swan - Tuesday Jul 11, 2017
The San Francisco Board of Supervisors on Tuesday passed two pieces of legislation intended to keep lower- and middle-class residents in the city, each requiring a hard-won compromise between the board’s moderate and progressive wings.The second law requires developers of large properties to make a portion of their units — 18 percent for rentals and 20 percent for condominiums — affordable, dividing them up among low-, moderate- and middle-income families.Months in the making, the law became a drawn-out piece of political theater at City Hall, as progressive Supervisors Aaron Peskin and Jane Kim haggled with their moderate counterparts, London Breed, Ahsha Safai and Katy Tang.“Everything we fought for with this legislation was to expand the definition of ‘affordable’ to include working people,” Safai said after the meeting.The board on Tuesday also approved a $120,000 settlement with an electrician who claimed he was sexually harassed by a fellow city employee while doing repairs at the Hall of Justice.
- College towns feel pinch from rental sites like Airbnb
By STEVE LeBLANC, Associated Press - Wednesday Sep 20, 2017
CAMBRIDGE, Mass. (AP) — Time was when renting an apartment in one of this college town's funky triple-deckers or two-family homes wouldn't cost an arm and a leg.Now, renting in Cambridge can feel like that — something critics say is made tougher by short-term rental websites like Airbnb, through which property owners can make more money renting out apartments or homes by the night instead of a yearlong lease.The debate over services like Airbnb — often criticized for essentially turning apartments into hotel rooms, putting upward pressure on housing costs and driving out longer-term tenants who can't afford rising rents — has raged for years in major cities.
- Nine Things We Look for When Buying Rental Property
By Holly Johnson - Wednesday Sep 20, 2017
When my husband and I bought our first rental property in 2007, we barely knew what we were doing. We saved up a large down payment and qualified for a mortgage, then stumbled through the rest of the details without much outside help. Eventually, we found what we thought was a good property for the local rental market. Fortunately, our offer was accepted and we found renters right away. A few years later, we turned our then primary residence into ...
The post Nine Things We Look for When Buying Rental Property appeared first on The Simple Dollar.
- Sound Off: The huge cost of pricing out
Friday Jun 30, 2017
If we don’t there won’t be anyone around to serve the food, fix the telephone poles or clerk in a retail store.If enough folks leave, rental rates and housing demand may go down.Increase the minimum wage to an actual living wage, allow more density as Oakland has done for accessory structures in residential neighborhoods and allow more multiunit housing in areas close to bus/BART.[...] there are affordable housing programs where in the city offers developers extra floors and exemptions from other requirements in exchange for promises to include affordable housing.Mission Economic Development Agency (MEDA) workshops and free coaching help low-income and working-class first-time home buyers learn of their many options to get into the tight and costly San Francisco market.The guidelines for Area Median Income (AMI) vary by property, ranging up to 120 percent, and is dependent on the family’s available downpayment.The principal amount, plus an equitable share of appreciation, is paid at the end of the loan term, or repaid upon sale or transfer.With the City cognizant of the need to help our middle-class SFUSD educators live where they work, the Teacher Next Door (TND) program was created for households making no more than 200 percent AMI.TND funds can be used for downpayment and closing costs to purchase either a BMR or a market-rate unit.Just look around at the huge parking lots surrounding business parks, malls - the cars sit there, baking in the sun, when they could either be underground or, even better, decreased in numbers because employees would have frequent, affordable public transportation with a well researched network of routes.Cities literally take years, not months, to approve projects, and a great deal of the blame for that lies squarely on us: existing residents do not want more housing in their neighborhood because more housing brings more traffic.