Chorus for moratorium on evictions grows louder in New York

Groups representing smaller landlords say they’re concerned that they are being asked to shoulder a disproportionate amount of the financial burden

TRD New York /
Mar.March 13, 2020 11:22 AM
 New York City Deputy Mayor of Housing and Economic Development Vicki Been and New York state Sen. Brad Hoylman (Credit: Been via NYU; Hoylman by Roy Rochlin/Getty Images)


New York City Deputy Mayor of Housing and Economic Development Vicki Been and New York state Sen. Brad Hoylman (Credit: Been via NYU; Hoylman by Roy Rochlin/Getty Images)

The real estate industry is bracing for a moratorium on evictions in the face of a growing public health crisis.

Late Thursday afternoon, New York state Sen. Brad Hoylman, who represents Manhattan, introduced legislation to halt evictions and foreclosures.

“This bill would place a moratorium on evictions and foreclosures during this time of crisis, preserving access to stable housing, helping save lives, and protecting those in need,” the memo for the bill reads.

According to the bill, courts would have the option to “grant to the landlord such relief as equity may require.” The bill would also block the “sale, foreclosure or seizure” of properties because of a failure to meet debt obligations for during a state disaster emergency, except by court order.

New York City Deputy Mayor of Housing and Economic Development Vicki Been also said Thursday that the New York City Housing Authority would halt residential evictions. An agency spokesperson also said that NYCHA will extend its rent hardship program to residential evictions and adjourn all cases at its Hearing Office for two weeks.

Tenant advocates, housing organizers and even presidential candidates are drawing a connection between housing insecurity and public health, and electeds are getting the message. The demand for a moratorium on evictions was reiterated in a letter to the Court of Appeals late Thursday, which was signed by 24 New York state senators, including Hoylman, Sen. Brian Kavanagh, Sen. Julia Salazar and Sen. Todd Kaminsky.

Groups representing smaller landlords have voiced concerns that they are being asked to shoulder a disproportionate amount of the financial burden in a public health crisis. New York Gov. Andrew Cuomo and New York City Mayor Bill de Blasio have not said whether they support the measure.

“Everyone facing eviction should call 311,” said NYC Mayor Bill de Blasio on WNYC Friday morning, adding that the city is working with landlords and others to be “truly socially conscious and not greedy.”

Similar measures have been implemented by localities around the country, including San José and Miami Dade county. Italy is also planning a moratorium on debt repayment, including mortgages, amid a general lockdown.


Related Articles

arrow_forward_ios
(iStock)

Movie theaters might not come back after all

Movie theaters might not come back after all
Gov. Andrew Cuomo with Judge Lawrence Marks and Judge Daniele Chinea (Getty, Linkedin, iStock)

Flip-flop on eviction ban extension highlights state’s chaotic response

Flip-flop on eviction ban extension highlights state’s chaotic response
(iStock)

Landlords lost about $9B in rental payments last quarter: report

Landlords lost about $9B in rental payments last quarter: report
Jamie Dimon and 383 Madison Avenue (Getty, Google Maps)

JPMorgan suffers setback in return to office

JPMorgan suffers setback in return to office
Lennar's Stuart Miller, Rick Beckwitt and Jon Jaffe (Lennar; iStock)

Lennar reports untempered demand for new homes in Q3

Lennar reports untempered demand for new homes in Q3
A lawsuit seeks to dismantle Gov, Andrew Cuomo’s midnight food curfew by arguing coronavirus is not a vampire (Getty; iStock)

Nail in the coffin: Eatery says Cuomo’s biz-killing curfew treats virus like vampire

Nail in the coffin: Eatery says Cuomo’s biz-killing curfew treats virus like vampire
U.S. foreclosure filings in August jumped 11% as some states ended relief measures, though continued government intervention has prevented sharper increase (iStock)

US foreclosure filings jump as some states end relief measures

US foreclosure filings jump as some states end relief measures
Singapore (iStock)

Singapore’s housing market storms back

Singapore’s housing market storms back
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...