Connect Summer 2016 - NYC | Page 11

SPOTLIGHT

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Finding Success by Sheltering the Masses

Last year , New York City ’ s cost of living was 68.8 % higher than the national average . From rent to food to transportation , city living is expensive — yet existing salaries don ’ t always keep pace . Recognizing the discrepancies between its cost of living and annual take-home pay , property managers like Menowitz Management Corp . began utilizing government programs to provide housing for people below the area ’ s median income . By going down this road less traveled , Menowitz has found great success .
CONNECT INNOVATION SUMMER 2016 // SNB . COM | 11