How much does New York City owe in back rent?
How much does New York City owe in back rent?
New York City’s rent-regulated tenants owe more than $1.1 billion in back rent, with nearly 20 percent of them more than two months behind on their payments, according to a new survey.
Who is New York City resident who owes rent?
New York City resident Allilsa Fernandez said the situation has left them hanging on by a thread. Fernandez told CBS News’ Jericka Duncan they owe nearly $20,000 in rent, and described the last 11 months of the pandemic as “traumatic.”
What are the new rent laws in New York?
If you are a renter in New York State, there are significant changes in the laws affecting tenants. The “Housing Stability and Tenant Protection Act of 2019” provides important protections for renters across the State, like how much a landlord can charge for a security deposit on new leases. For families living in rent-controlled or rent-
How many people are behind in their rent in NYC?
The findings by the Community Housing Improvement Program — a group that represents landlords of rent-regulated units — also show that about 50,000 tenants are more than $15,000 behind in their rent, which is about a year of missed payments.
New York City resident Allilsa Fernandez said the situation has left them hanging on by a thread. Fernandez told CBS News’ Jericka Duncan they owe nearly $20,000 in rent, and described the last 11 months of the pandemic as “traumatic.”
Is there back rent due due to covid-19?
Over the past year, millions of Americans have faced lay-offs, reduced hours, medical bills, and financial stress as a result of the COVID-19 pandemic causing rent due issues for many renters across the country. For many, this means missed rent payments and large sums of back rent due. For landlords, this presents a challenging situation.
How many people in the US owe back rent?
A federal moratorium on evictions runs out at the end of March, potentially forcing people who owe back rent amid the COVID-19 pandemic out of their homes. An estimated 10 million renters were behind on payment at the beginning of 2021, owing a combined $57 billion in rent and utilities.
How many people in New York City are behind on rent?
An estimated 10 million renters were behind on payment at the beginning of 2021, owing a combined $57 billion in rent and utilities. New York City resident Allilsa Fernandez said the situation has left them hanging on by a thread.