General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHousing is healthcare. An eviction moratorium is the first step: Rent/Mortgage Suspension
Español Abajo
Everyday the housing crisis related to COVID-19 crisis gets worse and worse. It is impacting tenants, homeless New Yorkers, public housing residents, and homeowners across the State.
Housing is healthcare. An eviction moratorium is the first step, but right now its critical that every New Yorker is safely housed, especially those who are currently without homes or most in danger of losing their homes due to loss of income. We are calling on Governor Cuomo and state legislative leaders to implement an immediate suspension of rent, mortgage, and utility payments, a full moratorium on evictions/foreclosures-- for renters and homeowners, and investment in safe, affordable housing for every New Yorker.
Working people across New York State are facing lay-offs and struggling to pay rent and buy basic necessities. This problem will not disappear once the threat of COVID-19 has passed, and the eviction moratorium is lifted. Forgiving rent and mortgage debt accumulated during this period will help keep New Yorkers in their homes and stabilize our economy and our state.
Now is the time to create permanent housing for homeless New Yorkers. Its immoral and wrong for the state to keep any homeless New Yorkers in tightly-packed shelters where coronavirus can spread rapidly. All homeless New Yorkers should be moved to safe, quality housing as fast as possible.
https://actionnetwork.org/petitions/reclaim-our-homes-rent-suspension-now?source=direct_link&referrer=group-new-york-communities-for-change
MrsCoffee
(5,801 posts)No niceties at all. No working with you. No exceptions.
To be clear, they start out, rent is due on the first and they will continue to serve three day notices and you will have to prove your case in trial. Nothing in the executive order restricts landlords ability to recover rent due blah blah blah.
I guess they did end the message with hope everyone remains safe.
Not worried about myself, but there is no way unemployment is gonna cover rents in the Bay Area.
BeckyDem
(8,361 posts)I am glad you will be ok, but as you say, others could be in serious trouble. Stay safe.
MrsCoffee
(5,801 posts)We have been every property managers dream. We keep the house and property impeccable. We pay rent two days early. My husband does all the maintenance.
My leasing agent is really sweet and tells me all the time how cool and laid back the owner is. Ive gotten birthday and Christmas cards from them. I actually had thought that if we ever had a problem that we would be able to work with them. But I guess I was really wrong, yikes.
I imagine there are many people getting emails like this. I hope they stay safe.
BeckyDem
(8,361 posts)Hopefully we will see relief for those renters and soon.
Uben
(7,719 posts)The landlords cant afford to give free rent. Will the government pick up the tab to pay them? Questions.
BeckyDem
(8,361 posts)mortgages as well. They work hand in hand. If an apartment owner has no mortgage on his building he most especially should not be collecting rental payments. Taxes and fees-maintenace they accumulate for running said buildings should also be relaxed for several months. It should go hand in hand, for the most part. These kinds of measures are not about stimulus for the economy, but a life line for the people.
Nature Man
(869 posts)There is assistance through the SBA for low interest loans for small business, homeowners, and renters https://www.sba.gov/funding-programs/disaster-assistance - lots of traffic on these sites). Read internal presentation for discussion with banks about the program, implementation, etc.
The most important part? Start process ASAP.
Uben
(7,719 posts)...so the tenants are the ones who need the loans, not landlords.
Nature Man
(869 posts)during a national public health emergency. Everyone is taking a hit. Do your part.
Nature Man
(869 posts)they can have both. It isn't an either/or proposition, everyone needs to do their part.
Uben
(7,719 posts)A month without rents, I'm outta business, tenants are out of a place to live. It's be sweet if it could work that way, but competition is stiff in the apartment business. Smaller owners like myself `would be sucked up by the corporates so fast it'd make your head spin! And trust me, that's not gonna be good for anyone except corporations. Instead of the $600/mo rent I charge, it would be closer to twice that!
Most of my tenants are long term. I have helped many get through crises. This is doable as long as the numbers are small. But, if say 30% could not make rent, I would not survive. Sure, I can raise rents, but if they cant pay at the current rate, how would they pay for the increase? I'm sure the powers to be are well aware of this. Hopefully they can come up with a plan.
Nature Man
(869 posts)Last edited Wed Mar 25, 2020, 01:32 PM - Edit history (1)
understand that EVERYONE is a taking a hit?
If you have an EIN, some form of legal entity (LLC, S-Corp, Corporation), and a business banking relationship, you won't be left behind. There's already programs in place for you. For emergency funding/cash flow/payroll. At 3.5% interest.
It's what someone can do right now. I didn't make this happen.
Uben
(7,719 posts)...I didn't make it happen either. I survived two lay-offs in the eighties, I'll survive this. Hopefully no one will be displaced. I will certainly do whatever I can to keep a roof over my tenants head. They know it too, that's why most are long term tenants.
BeckyDem
(8,361 posts)Nature Man
(869 posts)everyone is taking a hit, some people even can't buy "food."
BeckyDem
(8,361 posts)Nature Man
(869 posts)are working with what they got. Lots of people scramble or are in financial crisis even on a good week
BeckyDem
(8,361 posts)Nature Man
(869 posts)these aren't normal times.
There's a global public health emergency right now.