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First broker fees, now security deposits? Mayor wants to free certain apartments from such payments

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 rents 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 — an estimated

The Real Deal New York

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