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.
