Gov. Hochul: $125 million in rent relief now available for NY landlords
ROCHESTER, N.Y. (WHEC)— If you’re a landlord in New York, you can now apply for rent relief, Gov.Kathy Hochul announced Thursday.
It’s part of $125 million in state funding, which will go to landlords who could not participate in the state’s Emergency Rental Assistance Program due to a federal requirement that called for tenants to take part in the application process.
To be eligible, landlords must own a unit leased for at or below 150% of fair market rent for their location and must have documented the rental deficits built up after March 1, 2020 that are owed by a tenant who either left the unit or is declining to participate in the ERAP.
Priority funding will go to landlords who own buildings with 20 or fewer units and who apply within the first 45 days. More information can be found here.
Gov. Hochul signed off on pausing residential evictions until Jan.15.