Reducing Rent Burden for Elderly New Yorkers: Improving the Senior Citizen Rent Increase Exemption Program

2016
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Summary
This report proposes possible solutions to improve the Senior Citizen Rent Increase Exemption (SCRIE) to make it a more effective affordable housing preservation program, and discusses the costs and benefits of the recommendations.
Description

The Senior Citizen Rent Increase Exemption (SCRIE) freezes rents for low-income elderly New Yorkers in rent-regulated housing. It is a unique tool to help reduce housing insecurity for some of our city’s most vulnerable residents. However, low utilization rates for the program and high rent burdens for many seniors enrolled in SCRIE present problems, both for senior households and the greater community. This report proposes possible solutions to improve SCRIE to make it a more effective affordable housing preservation program, and discusses the costs and benefits of the recommendations.

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