VELAZQUEZ, SCHUMER ANNOUNCE, AFTER PUSH: THOUSANDS OF NYC HOUSING TENANTS WILL BE EXEMPT FROM HUD RULE PLAN WOULD HAVE RAISED RENT COSTS FOR THOUSANDS; NOW, METRO AREAS LIKE NYC CAN BREATHE SIGH OF RELIEF WITH ‘SAMFR’ AXED FOR CITY; NO ONE WILL BE FORCED TO MOVE FROM NEIGHBORHOODS THEY LOVE

Earlier This Year, Velázquez & Schumer Urged HUD to Revise ‘Small Area Fair Market Rent Rule’ & Work With Affordable Housing Community in NYC. Lawmakers Announce: HUD’s Revised Rule Will Make Any Metro Area–With Vacancy Rate of 4 Percent or Lower—Exempt from SAFMR Rule; New York City’s Vacancy Rate is 3.45 Percent; Big Win For City & Working Families