Cuomo says NY “took care of rent issue,” but has no policy in place

As rent payments come due, landlords and renters warn they will be unable to make them

New York /
Mar.March 22, 2020 01:37 PM
Gov. Andrew Cuomo (Credit: Bennett Raglin/Getty Images)

Gov. Andrew Cuomo (Credit: Bennett Raglin/Getty Images)

At a press conference Sunday morning, Gov. Andrew Cuomo said New York “took care of the rent issue.” But there is currently no policy in place to back that claim.

In response to a question about rent relief for those affected by the coronavirus, Cuomo said “[renters] cannot be evicted for non-payment of rent.”

He did not elaborate, but was referring to a state judge’s memo suspending eviction proceedings indefinitely.

With a mandate for all non-essential workers to stay home to slow the spread of coronavirus, many New York State residents are unemployed or without pay. So renters and landlords alike are awaiting action from the government to avert financial distress.

However, there has been no official suspension of rent payment. Tenant groups have called for such a measure, and State Sen. Michael Gianaris is working on a bill to suspend rent payments for 90 days, but the legislation has not yet been formally proposed.

Yesterday, Cuomo issued an executive order to tell banks that they should let homeowners hit by the pandemic postpone mortgage payments, or face penalties from regulators for “unsafe and unsound” business practices. Neither that or the eviction moratorium issued last week suspends rent payments or commercial real estate debt.


Related Articles

arrow_forward_ios
Governor Andrew Cuomo and Senator James Skoufis (Credit: Getty Images, NY Senate)
Owners of some residential properties can’t hide behind LLCs anymore
Owners of some residential properties can’t hide behind LLCs anymore
Governor Andrew Cuomo and 538 Johnson Avenue in Brooklyn (Credit: Google Maps and Getty Images)
Landlords take another hit: Cuomo signs expanded Loft Law
Landlords take another hit: Cuomo signs expanded Loft Law
Governor Andrew Cuomo (Credit: Getty Images)
Cuomo wants to exempt NYC from prevailing wage bill
Cuomo wants to exempt NYC from prevailing wage bill
The former Presidio Public Health Hospital (Google)
At these Presidio apartments, you might room with a ghost for $3,700 a month
At these Presidio apartments, you might room with a ghost for $3,700 a month
Landlords were less likely to respond to renters they thought were African American or Latino. (iStock)
Landlords more likely to ignore applicants of color
Landlords more likely to ignore applicants of color
Terwilliger & Bartone managing partner Anthony Bartone and 461 Railroad Avenue in Westbury LI (Google Maps, Terwilliger & Bartone, iStock)
Westbury apartment project scores 20-year tax break
Westbury apartment project scores 20-year tax break
Light i-sales precede heavy eating
Light i-sales precede heavy eating
Light i-sales precede heavy eating
Secratary of the Treasury Janet Yellen (Getty, iStock)
Treasury Department to ease rent relief backlogs with reallocations
Treasury Department to ease rent relief backlogs with reallocations
arrow_forward_ios

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

Loading...