$25,000 in a New York Minute

 The mayor of NY City has loosen up city funds and said....if you own a apartment rental unit, and will agree to lease it to special situations which the city registers low income individuals for....the city will give you $25,000 for renovation.

I sat there a minute pondering this.

Knowing the general cost of renovation in DC/NYC....just to have a electrician to come out and update your fuse box (new one) and have it certified as 'safe' (with new cabling/plugs)....that would drain the $25,000 in roughly 8 hours.  

I can think of twenty-odd renovation jobs....in that particular area....that would each run $15k to $25k. 

This idea that the mayor is doing a 'favor'?  I'd ask about who these people are....getting the special card/status.