Mayor Bill de Blasio is taking a cue from Cincinnati: He wants to give some renters an alternative to paying a hefty security deposit upfront. During his State of the City address, the mayor is expected to pitch a plan to offer renters of city-financed homes a “choice to pay a security deposit or to sign up for renter security insurance,” according to the mayor’s office. The change would mean some renters — in an
source https://therealdeal.com/2020/02/06/first-broker-fees-now-security-deposits-mayor-wants-to-free-certain-apartments-from-such-payments/
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