FEMA Doesn’t Really Get New York’s Rental Market

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In most parts of the country, you can give someone a couple thousand bucks and reasonably expect they’ll be able to use it to rent a place to live, so that’s how FEMA planned to handle temporary housing after Hurricane Sandy, but the agency hadn’t counted on New York’s rental market. The New York Daily News looked into the emergency rental situation in Brooklyn and found a shortage in supply that most city residents could have predicted, with landlords unwilling to rent for terms as short as a couple months and hotels reluctant to rent for that long or longer. The hottest rental properties on the market these days: any old motel that will take medium- to long-term tenants.