What is the shallow rent property based program? It is for renters. It expands the shallow rent program to buy affordability and market rate apartment buildings. These programs that you just heard me mention, they are unprecedented because if you want to live in a market rate apartment building, but you cannot afford to pay the rent, this shallow rent program is what would help to close the gap for you and give you an opportunity to be able to afford your rent. I also made very clear to President Bulwer just last night that all of these housing programs developed by my administration in partnership with the city council were developed with his members in mind. (13:33–13:58)
CLAIM
Asserts that the shallow rent program helps renters afford market rate apartments.
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