FYI
https://www.amny.com/news/new-york-r...ef-aid-letter/
A coalition of New York’s real estate organizations are calling on the state’s senators and Congress delegates to get more aid for the state’s rental market.
In a letter addressed to Senator Chuck Schumer, Senator Kirsten Gillibrand and Members of New York’s Congressional Delegation, twelve New York real estate organizations are asking for $2 billion in funding for rent relief not just for renters, but for the state’s rental property owners who are struggling to pay expenses because of rent not being paid.
“Over these past two years, what we’ve seen is a roller coaster. Folks mostly in Manhattan have been in and out, but in the rent-stabilized units we represent in the Bronx, Brooklyn and Queens, what we saw was up to 18% of renters who couldn’t pay rent. That led to cascading effect of property owners who couldn’t pay bills, with debt carrying now for several months,” said Jay Martin, Executive Director of Community Housing Improvement Program (CHIP).
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