Richard Heitler

Richard Heitler
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Richard Heitler is the treasurer of the board of the Urban Homesteading Assistance Board in New York.
The towering Co-op City in the Bronx, New York, the largest cooperative housing development in the world.

The 30 Percent Rent-to-Income Ratio Doesn’t Add Up in NYC

The 30 percent standard only ‘works’ in calculations where it is irrelevant. The residual-income approach, on the other hand, can turn what all too often becomes an abstract and theoretical discussion into a series of researchable questions.