TABLE 19 - Maximum Change in Distribution of Household
Income in Staten Island as a Result of Vacancy Decontrol |
|
|
|
| Annual Household Income |
Current Distribution |
Distribution Resulting from Maximum Change |
|
|
|
| Less than $13,441 |
13% |
13% |
| $13,441-$30,000 |
22% |
21% |
| $30,001-$55,200 |
26% |
27% |
| More than $55,200 |
38% |
39% |
NOTE - Calculations based on the assumption that apartments in each borough
that are currently rent regulated will ultimately be occupied by households
with the same distribution of characteristics as the current occupants of
unregulated units in that borough that are rented at market rents. Since
rent regulated units are less desirable than market rate units on average,
they will tend to be the most attractive to households with lower incomes
than those currently occupying unregulated units and hence the estimated
change provide an upper bound on the change in income distribution that
would result from vacancy decontrol.
|