Tenant coalition demands $10B in “housing relief” in light of coronavirus

Housing Justice for All is also asking for a suspension of rent, mortgage and utility payments

New York /
Mar.March 18, 2020 10:05 AM
The group is also calling for the state to suspend rent, mortgage and utility payments (Credit: Housing Justive for All)

The group is also calling for the state to suspend rent, mortgage and utility payments (Credit: Housing Justive for All)

New York tenant advocates are demanding billions in funding for housing and a suspension of rent, mortgage and utility payments during the coronavirus outbreak.

The coalition, Housing Justice for All, is using a public health crisis to push its solution for the 92,000 people who are homeless across the state. The group is asking for $10 billion to invest in “housing relief,” demanding homeless persons be immediately rehoused in vacant homes, and asking for rental subsidies in the form of vouchers. The funding would also support public housing, not-for-profit housing and subsidized housing.

The group is also calling for the state to suspend rent, mortgage and utility payments, on the heels of a statewide eviction ban in place since Monday.

“An eviction moratorium is an urgent first step, but we need a suspension of unaffordable rent and automatic forgiveness of any rent or mortgage, utility, or rent owed or accumulated during the length of this crisis,” the plan reads.

The tenant coalition also seeks to block any landlord from price gouging any commercial or residential tenant who cannot pay rent, and points out that “mom-and-pop” landlords would also benefit from a mortgage suspension. The state has not said yet whether it will place a moratorium on mortgages, as it did for evictions, but sources say the Office of Court Administration is in active discussions with Gov. Andrew Cuomo’s office to do so.

It is unclear what path forward any of these measures will have. Cuomo has said he will push through a budget at the end of this week, instead of April 1st, and approving new funding for housing during a public health crisis may be difficult.

Yet the tenant coalition says the connection between health and secure housing is more evident than ever.

“Housing is healthcare,” a spokesperson for HJ4A said. “An eviction moratorium is the first step, but right now it’s critical that every New Yorker is safely housed, especially those who are currently without homes or most in danger of losing their homes due to loss of income.”


Related Articles

arrow_forward_ios
It may not be so easy to book a vacation this year: Rental listings are flying off the market, and prices are soaring. (iStock)
Bonkers season on tap for summer vacation rentals
Bonkers season on tap for summer vacation rentals
(Getty, iStock)
Capacity restrictions in NY to ease as soon as next week
Capacity restrictions in NY to ease as soon as next week
Though some companies have received fat PPP payouts, real estate received just 4.6% of the loans distributed in New York. (iStock)
Real estate receives just 5% of New York’s PPP loans
Real estate receives just 5% of New York’s PPP loans
Hammerson CEO Rita-Rose Gagne and Brookfield's Bruce Flatt. (Hammerson, Brookfield, Getty)
Brookfield’s US malls are struggling. Now it’s buying some in Europe
Brookfield’s US malls are struggling. Now it’s buying some in Europe
(iStock)
Homebuilder sentiment ticks up in April
Homebuilder sentiment ticks up in April
Canada’s Public Sector Pension Investment Board CEO Neil Cunningham (left) and Allianz SE CEO Oliver Bäte (PSP Investments, Allianz, iStock)
Canadian pensions, Asian wealth funds eye single-family home rentals
Canadian pensions, Asian wealth funds eye single-family home rentals
A rendering of 85 Jay Street and RXR Realty CEO Scott Rechler (Winick, Getty)
RXR makes $220M apartment bet in Brooklyn
RXR makes $220M apartment bet in Brooklyn
Sao Carlos CFO Fabio Itikawa. (Getty, YouTube via Levante Investimentos)
In pandemic-battered Brazil, 3G Capital founders hunt for real estate deals
In pandemic-battered Brazil, 3G Capital founders hunt for real estate deals
arrow_forward_ios

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

Loading...