Real Estate

New bill could bring tax relief to renters struggling with affordability

A new bill introduced Monday by Rep. Joseph Crowley, D-New York, could bring relief to renters who find themselves struggling to afford their rent.

Crowley’s bill, entitled “The Rent Relief Act,” would offer refundable tax credits to people who live in rental housing.

Crowley introduced the bill on Monday in Queens, New York.

In an announcement, Crowley’s office noted that currently 111 million Americans live in rental housing, while in New York City, nearly two-thirds of all households are …
Real Estate