With landlords living in their cars, RSA takes another swing at dismantling eviction moratorium
Small property owners throughout the state having their personal lives
The Rent Stabilization Association (RSA) has filed an amended complaint
$125M for landlords with delinquent tenants now up for grabs
Tenants refused to apply for ERAP or vacated the apartment with outstanding arrears.
Funds are first-come, first-served
Why These New Yorkers Stopped Paying Rent
Tenants owe more than $256,000
Tenants withholding rent until the landlord forgives the debt
Landlords find way around housing court backlog
Landlord would be subject to criminal charges, which in theory could mean a five-year prison sentence.
As nonpayment cases pile up, owners pursue money judgments in civil court
New York Went From Worst to Best At Handing Out Rent Relief
Paid out to more than 40,000 households.
As of September 22, the state has allocated $1.6 billion in federal funds
Rent relief checks go out for the wrong amount
Delays, glitches, and now payments off by thousands of dollars
Only $300 million of the state’s $2.7 billion fund has reached landlords
Legislature passes new eviction moratorium
Moratorium extened to January 15, 2022
State legislature passed an extension on the state’s eviction moratorium
Here’s NY’s new eviction policy — and why it may be struck down
Lawyers say the proposed workaround won’t cut it
Draft legislation does not make tenants produce evidence of hardship
The rent is finally due: Supreme Court ends moratorium
Justices rule Biden’s eviction ban unconstitutional
Justices rule Biden’s eviction ban unconstitutional
New York landlords see no saving grace in return of evictions
Judgment day is coming for New York tenants: Landlords, owed more than $3 billion in back rent, may once again be able to file evictions.
Without rent relief, property owners weigh whether to wait or sell
Kathy Hochul pledges to speed up rent relief rollout
Newly sworn-in governor plans to hire additional staff to process applications and identify holdups
“I am not at all satisfied with the pace that this COVID relief is getting out the door,”
Back in business: City marshals prep for wave of eviction orders
At least 40 tenants have been evicted this year despite the state moratorium
Hundreds of new eviction cases were filed last week after a court ruling weakened the state moratorium
Albany better move fast to get federal funds to tenants and landlords
Of the state’s $2.6 billion in federal rent-bailout money, less than $100 million has been doled ou
Billions of dollars have yet to be distributed by the state to help renters and landlords
Landlords and Tenants Worry About Effects of Ruling on Eviction Moratorium
$2 billion rental assistance program aimed at helping tenants pay their landlords has given funds to fewer than 5 percent of applicants since its start in June.
Landlords could technically start filing suits immediately to evict tenants
Supreme Court Blocks Part of New York’s Eviction Moratorium
The law does not relieve tenants of their obligation to pay rent or block lawsuits for unpaid rents.
A provision that instructed housing judges not to evict tenants who have been found to have suffered financial hardship.
Rent relief will miss eviction moratorium deadline for many
Three weeks before protection ends, only 4% of aid has reached New Yorkers
Tenant applications for over $460 million in aid had been approved but were awaiting landlord participation
New York landlords see no saving grace in return of evictions
Tenants with rental arrears pay what they can when they have it
Without rent relief, property owners weigh whether to wait or sell
Billions in allotted rent aid hasn’t gone out
$3 billion of the $46.6 billion Congress allotted in rent relief has reached those who need it
Local logjams have meant just $3B of $47B has been sent to tenants, landlords
Multifamily Investment Booms Despite Eviction Moratoriums
You keep thinking it can’t get more expensive, that cap rates can’t go lower and prices can’t go higher
Collections, vacancy and rent are at, or above, pre-pandemic levels and investors are all in
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
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
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
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
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%.
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
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
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
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
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.
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
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
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.
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.
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.
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
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.
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 […]
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
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 […]
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.
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
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.
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.
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%
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
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 […]
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, […]
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.
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
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.
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…
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 […]
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 […]
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…