• About
  • Team Members
  • Contact
  • Cookie Policy
  • Editorial Policy
  • Privacy Policy
Saturday, April 10, 2021
Journal News
No Result
View All Result
  • US
  • News
    Mark Levine powers Manhattan BP run with unpaid interns

    Mark Levine powers Manhattan BP run with unpaid interns

    Asian man sucker-punched in unprovoked Central Park attack

    Asian man sucker-punched in unprovoked Central Park attack

    Long Island woman dies after car rolls over her in own driveway

    Long Island woman dies after car rolls over her in own driveway

    Off-duty MTA workers caught spray-painting van in NYC: cops

    Off-duty MTA workers caught spray-painting van in NYC: cops

    Cuomo signs law granting families increased visitation to nursing homes

    Cuomo signs law granting families increased visitation to nursing homes

    NY’s Legoland hit with $600K in environmental fines

    NY’s Legoland hit with $600K in environmental fines

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
  • Politics
  • Business
  • Opinion
  • Tech
  • Science
  • Sports
  • Lifestyle
  • Entertainment
  • Health
  • Travel
  • US
  • News
    Mark Levine powers Manhattan BP run with unpaid interns

    Mark Levine powers Manhattan BP run with unpaid interns

    Asian man sucker-punched in unprovoked Central Park attack

    Asian man sucker-punched in unprovoked Central Park attack

    Long Island woman dies after car rolls over her in own driveway

    Long Island woman dies after car rolls over her in own driveway

    Off-duty MTA workers caught spray-painting van in NYC: cops

    Off-duty MTA workers caught spray-painting van in NYC: cops

    Cuomo signs law granting families increased visitation to nursing homes

    Cuomo signs law granting families increased visitation to nursing homes

    NY’s Legoland hit with $600K in environmental fines

    NY’s Legoland hit with $600K in environmental fines

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
  • Politics
  • Business
  • Opinion
  • Tech
  • Science
  • Sports
  • Lifestyle
  • Entertainment
  • Health
  • Travel
No Result
View All Result
Morning News
No Result
View All Result
Home Opinion

Albany has to move fast to prevent a housing disaster

admin by admin
February 28, 2021
in Opinion
0
Albany has to move fast to prevent a housing disaster
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

[ad_1]

Pandemic lockdowns have left all too may New Yorkers unable to pay the rent — and deeply in debt to landlords who themselves are often in deep peril. Yet the state government is sitting on over $1 billion in emergency relief that the feds sent to alleviate the crisis.

In December, Washington OK’d a second major COVID-19 rescue package that included $1.3 billion for rental assistance here: funds to cover tenants’ back rent, providing landlords with desperately needed cash.

Yet Albany has dithered, raising the possibility that it’ll fail to hand out the funds by the federal deadline — again. The feds could then channel them to states with better records.

New York muffed its first go-’round with federal rent aid: Of $100 million from last spring’s CARES Act, it’s disbursed just $41 million. If not for a last-minute extension by the feds, the state would’ve had to return an unused $59 million. Even now, it remains on a shelf, along with the new $1.3 billion.

Meanwhile, landlords are “at the edge of the cliff,” pleads Rent Stabilization Association President Joseph Strasburg. On Wednesday, the Community Housing Improvement Program, which represents 4,000 city building owners, reported that unpaid rent (by 17 percent of tenants in February) and high vacancy rates (12 percent) have left hundreds of landlords “running out” of reserves and “struggling to pay their bills.”

Yet state powerbrokers want to keep sitting on the cash until passage of a new budget and possibly a new law, with more “guidelines.” Landlords need that cash now.

Gov. Cuomo and the Legislature need to move fast to OK release of the funds. 

Hoarding emergency money that’s needed to prevent a housing-market collapse: Can New York’s leaders sink any lower?

[ad_2]

Source link

READ ALSO

Letters to the Editor — April 3, 2021

Letters to the Editor — April 2, 2021

Related Posts

Letters to the Editor — April 3, 2021
Opinion

Letters to the Editor — April 3, 2021

April 2, 2021
Letters to the Editor — April 2, 2021
Opinion

Letters to the Editor — April 2, 2021

April 1, 2021
Biden’s ‘jobs plan’ is a horrific con job
Opinion

Biden’s ‘jobs plan’ is a horrific con job

March 31, 2021
Biden’s insane new spend-fest is a recipe for national disaster
Opinion

Biden’s insane new spend-fest is a recipe for national disaster

March 30, 2021
Comparing Georgia’s new voting law to Jim Crow is a disgusting smear
Opinion

Comparing Georgia’s new voting law to Jim Crow is a disgusting smear

March 29, 2021
End the corrupt NYC homeless-services madness
Opinion

End the corrupt NYC homeless-services madness

March 28, 2021
Next Post
Trump slams Equality Act, calls to protect women’s sports

Trump slams Equality Act, calls to protect women's sports

POPULAR NEWS

Rutgers makes COVID-19 vaccine mandatory for students

Rutgers makes COVID-19 vaccine mandatory for students

March 25, 2021
The best Suez Canal memes the stuck ship Ever Given inspired

The best Suez Canal memes the stuck ship Ever Given inspired

March 25, 2021
Buffstreams UFC 260 Reddit Live Stream Reddit Free Crackstreams for Miocic vs. Ngannou 2 Fight

Buffstreams UFC 260 Reddit Live Stream Reddit Free Crackstreams for Miocic vs. Ngannou 2 Fight

March 28, 2021
Dr. Fauci says people with COVID vaccine could soon socialize

Dr. Fauci says people with COVID vaccine could soon socialize

February 26, 2021
‘Tik Tok Doc’ accused of sexual abuse in $45 million lawsuit

‘Tik Tok Doc’ accused of sexual abuse in $45 million lawsuit

February 28, 2021

EDITOR'S PICK

Andrew Cuomo to sign bill stripping his COVID emergency powers

Andrew Cuomo to sign bill stripping his COVID emergency powers

March 7, 2021
Aaron Boone under scrutiny amid Yankees World Series drought

Aaron Boone under scrutiny amid Yankees World Series drought

February 18, 2021

Patriots, Bill Belichick appear out for Tom Brady revenge

March 16, 2021
Whistleblower NYPD cop probed by IAB for podcast appearance

Whistleblower NYPD cop probed by IAB for podcast appearance

March 14, 2021

About

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow us

Categories

  • Business
  • Entertainment
  • Fashion
  • Food
  • Health
  • Lifestyle
  • National
  • News
  • Opinion
  • Politics
  • Science
  • Sports
  • Tech
  • Travel
  • Uncategorized
  • US
  • World

Recent Posts

  • How to Watch Masters Golf 2021 Live Stream Online From Anywhere and TV Listings
  • Rangers pack Globe Life Field for home opener
  • The plan for post-pandemic life in England includes free testing and Covid certificates.
  • 55 firms paid no federal income tax last year, report finds
  • Contact
  • Cookie Policy
  • Editorial Policy
  • Privacy Policy

©️ 2021 Journalwild.com Powered by BritMedia360

No Result
View All Result
  • Homepages
    • Home Page 1
    • Home Page 2
  • News
  • Politics
  • National
  • Business
  • World
  • Entertainment
  • Fashion
  • Food
  • Health
  • Lifestyle
  • Sports
  • Opinion
  • Science
  • Tech
  • Travel

©️ 2021 Journalwild.com Powered by BritMedia360