New York Has $2.7 Billion for Rent Relief. Many Have Yet to Receive Aid.

[WhiskeyGrinder]

https://www.nytimes.com/2021/07/25/nyregion/new-york-city-rent-relief.html

When New York launched a sweeping rent relief program in June, the aim was to safeguard the state’s recovery from the pandemic by keeping tens of thousands of people who fell behind on rent out of financial ruin and in their homes.

The state set aside about $2.7 billion, the vast majority from federal pandemic relief packages, with New York providing some funding.

But after nearly two months and despite the staggering need, New York has been among the slowest states in distributing help. In fact, federal figures showed that by the end of June, New York was one of only two states where no aid had been sent out, even though the state’s eviction moratorium is set to expire in just a few weeks.

(snip)

The application process, which is primarily online, has been hobbled by technical glitches, according to housing groups. Many tenants have encountered errors that in some cases wiped away entire applications.

[Tadpole Raisin]

1. Yah, been hearing more about this cuz we're up against the wall on evictions.

What I haven’t heard is how the process goes for landlords to apply, how much money they can get or how many units. Do they apply using their tenants names and with their permission?

Also some small landlords use the income to bolster low ss payments. Maybe they are house rich and own outright but cash poor.

If they have mortgage payments they can’t just stop that so how come they don’t have loan forgiveness available?

If I was a landlord I’d be foreclosed on by now and even if they suspended payments I’d never be able to make up for it once things were lifted.

Just seems like a big mess of a situation. Tenants and some landlords getting squeezed. They are at a breaking point!