Connected Real Estate Magazine, July 8, 2021
There have been concerns that New York’s multibillion-dollar rent relief program aimed at restabilizing renters and landlords affected by the COVID-19 pandemic is not running efficiently enough, Bisnow reports. Between the fact that there have been more than 90,000 applicants for relief and a reportedly complicated application process, there are fears that the rent relief program isn’t equipped to handle the social and economic issues that could arise when the eviction moratorium expires at the end of July.
“We’re in a race against the eviction moratorium,” Jessica Katz, the executive director of the Citizens Housing Planning Council, told Bisnow. “The eviction moratorium is an incredibly important public health tool, but it’s not going to get us very far if, at the end of the eviction moratorium, everybody is still in arrears and everybody gets evicted.”