TheRealDeal: First broker fees, now security deposits?

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 estimated 60,000 homes or so — could pay a lower, nonrefundable monthly fee instead of a deposit.

Check out the full article here: 
https://therealdeal.com/new-york/2020/02/06/first-broker-fees-now-security-deposits-mayor-wants-to-free-certain-apartments-from-such-payments/