July 27, 2021

NY rent relief rollout slowly inches forward as evictions loom

The state has a $2.7 billion pot of funds to be distributed, but only a tiny sum has made its way to landlords since applications finally opened June 1

State has distributed just $117K in rent relief from $2.7B pot, with 160K applications filed

Read The Original Source
July 14, 2021

For Smaller Landlords, Rent Moratoriums Just Pass The Payment Buck Up The Chain

But it’s been a long time coming, and many landlords aren’t happy

When it expires, renters will have to start paying again, or risk eviction and court

Read The Original Source
July 11, 2021

A Landlord Says Her Tenants Are Terrorizing Her. She Can’t Evict Them

Her tenants curse and spit at her and owe more than $23,000 in rent

Eviction moratorium keeps them from being kicked out

Read The Original Source
July 01, 2021

Supreme Court declines to lift CDC eviction ban

In a 5-to-4 ruling late Tuesday, the Supreme Court rejected an emergency request to vacate the ban

Split-court ruling means landlords must endure for at least another month

Read The Original Source
June 10, 2021

Battle Over Rent Hikes Turns to Who’s Suffered More: Tenants or Landlords?

Landlords are making a last-ditch argument that helping tenants in need is the job of the government

The overall jump in expenses: 15%.

Read The Original Source
May 25, 2021

New York rent relief applications open June 1

The state legislature approved the $2.7Bprogram in the budget that passed in early AprilThe state legislature approved the $2.7B program in the budget that passed in early April

Program will allocate $2.7B to tenants, landlords hit hard by pandemic

Read The Original Source
May 13, 2021

New York’s rent relief site goes live — without applications

Benefits include up to 12 months of rental arrears

New York’s rent relief site goes live — without applications New site has information on rental relief program

Read The Original Source
May 12, 2021

City expands free legal services for tenants, fearing eviction rush

New York renters will have another lifeline when the statewide eviction moratorium sunsets.

Mayor signs bill giving representation to all low-income renters facing eviction

Read The Original Source
May 11, 2021

Federal guidelines could complicate state’s rent relief rollout

It is unclear how the state will need to revise its program based on the new guidelines

State must offer funds directly to tenants if landlords choose not to participate in the program

Read The Original Source
May 05, 2021

Rent relief hinges on dwindling goodwill

Landlords who accept it can’t evict a paying tenant for a year

New York landlords and tenants will gain access to $2.3 billion in federal aid allocated by the state.

Read The Original Source
May 03, 2021

New York votes to extend eviction ban through August

Certain residential and commercial tenants can now avoid eviction until at least Aug. 31.

Frustrated landlords demand Albany get rent aid out the door

Read The Original Source
May 01, 2021

Albany Appears Poised To Extend Eviction Moratorium Again

Albany legislators are expected to vote Monday to extend the state’s eviction moratorium until August 31s

Read The Original Source
April 27, 2021

Lawmakers to extend eviction, foreclosure protections through August

Landlords argue state lacks rational for extension

The extender bill is expected to go to a full vote in the Senate and Assembly later this week.

Read The Original Source
April 13, 2021

What Does The Eviction Moratorium Mean For Landlords?

On March 31, the CDC sent out a message: it was extending its moratorium on residential evictions until June 30, 2021

Small landlords in the NYC area to find out what this means for them.

Read The Original Source
April 08, 2021

NY close to approving $2.4B rent relief bill — but its rollout will be the real test.

Landlord, tenant groups voice concerns about certain provisions.

Newly bill, would bar evictions and rent increases for one year in cases where landlords accept aid.

Read The Original Source
April 01, 2021

Tenants and Landlords’ Future Hang in Balance Over State Budget. Here’s What That Means

New York has $2.3 billion from the federal government

Albany finally have the big bucks to pass a substantial relief program as part of the state budget

Read The Original Source
March 30, 2021

CDC extends eviction moratorium until June 30

The federal ban on evictions has been extended yet again, bringing relief to tens of millions of renters struggling to catch up.

Read The Original Source
March 29, 2021

My Tenant Won’t Pay, but Won’t Go. What Can I Do?

Most residential tenants fill out a hardship declaration.

There are no easy options when it comes to collecting back rent these days, so landlords would be wise to […]

Read The Original Source
March 24, 2021

From bad to worse: Rent relief program still failing to reach New Yorkers

New York has paid out just $7 million out of $60 million available for struggling tenants

Barely 1% of tenants owing rent have received aid in second round

Read The Original Source
March 12, 2021

Commercial eviction moratorium expanded, extended through May

Cuomo first announced a State moratorium on residential and commercial evictions on March 20 last year for a period of 90 days.

The state legislature is set to extend the eviction moratorium on small businesses and landlords with fewer than 10 apartment […]

Read The Original Source
February 26, 2021

Lawsuit challenges New York eviction ban’s constitutionality

Five small landlords sue AG Leitia James over hardship declaration requirement

Blanket moratorium on evictions is unconstitutional.

Read The Original Source
February 24, 2021

The Other Side of Rent Debt: Five Small-Time Landlords Who Are Stuck

Hardship fund for small landlords and homeowners

Thousands of small landlords who have had their finances fractured by a year of eviction moratoria

Read The Original Source
February 11, 2021

Landlords hail relief bill as end of “cancel rent”

This bill does not purport to cancel rent, this bill pays the rent.

Newly amended legislation would distribute $1.3B in federal funds.

Read The Original Source
February 11, 2021

NYC’s Small Landlords of Color Among Those Battling for Survival Amid Rent Moratorium

Large rent arrears mean owners are in default in majority Black neighborhoods.

Repeat of the foreclosure crisis with a disproportionate impact on Black and Hispanic landlords.

Read The Original Source
January 27, 2021

Multifamily landlords feel pain as tenants miss rent payments

Though some banks have backed away from lending to multifamily, some investors are finding a niche by giving struggling apartment owners high-interest financing.

The share of the riskiest apartment debt held by banks rose to 17%

Read The Original Source
January 27, 2021

Lawmakers one-up Cuomo with commercial eviction and foreclosure bill

Commercial tenants would not be required to disclose the amount of relief they have already received

Ban evictions of businesses with fewer than 50 employees until May 1

Read The Original Source
January 21, 2021

Biden to extend limits on evictions, foreclosures

President Joe Biden is extending federal limits on evictions through at least the end of March.

Biden is expected to move quickly to extend protections for renters, Bloomberg reported, and may sign an executive order within […]

Read The Original Source
January 14, 2021

Landlord-tenant implications of New York’s new Covid Emergency Law

Provides no relief to landlords and mortgagees, no way to force the property to be income producing

If a tenant files a Hardship Declaration with an Owner, the Owner cannot bring an eviction proceeding before May 1, […]

Read The Original Source
January 09, 2021

Extend commercial eviction ban through the spring

Some commercial landlords have agreed to payment plans or lease payments based on a percentage of tenants’ income

The ban on commercial evictions may continue through the spring, if Gov. Andrew Cuomo has his way.

Read The Original Source
November 25, 2020

First Tenant Evicted in NYC since the Pandemic Started. Here’s What It Means

Housing advocates said that any evictions taking place right now signals that we should expect more, even with COVID cases rising.

Marshals recently carried out the first legal residential eviction in New York City since the start of the pandemi

Read The Original Source
November 13, 2020

Banks want buyers to fork over larger down payments. Here are some workarounds

Banks are requiring higher down payments in order to get to a deal, in some cases up to 30 percent or more as they continue to tighten their lending practices.

With tighter restrictions it’s more important than ever to shop around for a mortgage.

Read The Original Source
October 02, 2020

Governor Cuomo’s ‘Moratorium’ on Evictions Won’t Really Stop Evictions

It’s “still full of loopholes,” as one lawyer put it

“It doesn’t stop evictions. It doesn’t stop cases from moving forward. It doesn’t stop landlords from filing cases…

Read The Original Source
September 28, 2020

New York’s residential eviction protections extended through December

Gov. Andrew Cuomo signed an executive order extending the Tenant Safe Harbor Act until Jan. 1, 2021.

The law prohibited courts from issuing eviction warrants for unpaid rent that was due from the beginning of the crisis […]

Read The Original Source
September 24, 2020

Landlord-backed group raised funds to help renters

Project Parachute says philanthropies have added $3M to help New Yorkers facing eviction

Donors have added $3 million to a landlord-backed initiative begun in May to help some of the neediest New Yorkers […]

Read The Original Source
September 04, 2020

Trump eviction moratorium closing emergency doors

In the order, the CDC says COVID-19 “presents a historic threat to public health”

New York’s rental housing providers have rounded on the Trump Administration after it introduced a new moratorium on…

Read The Original Source
Load More
Email Call Map Subscribe