New York Landlords Can Apply For $125M to Cover Unpaid Rent
Written by Site Hub on October 11, 2021
According to Governor Kathy Hochul’s office, New York landlords can apply for $125 million in state funding to cover unpaid rent connected to tenants who were ineligible for the federally funded rent relief program. Landlords are eligible to apply now, and the funding could cover up to 12 months of past-due rent and will be available to help landlords who couldn’t utilize the Emergency Rental Assistance Program in New York because their tenants declined to complete an application or vacated their residence without paying all rent payments.
Governor Hochul stated: “I am proud that our state’s rental assistance program has already provided much-needed relief to tens of thousands of New Yorkers, but there are still many small landlords ineligible for that relief because of federal rules who also need our help. This funding is a critical tool to close that gap and help more New Yorkers recover from the pandemic.”
Source: Democrat and Chronicle
