Live at 5 p.m. tonight, The Real Deal senior managing editor Erik Engquist will sit down with City Council member Ritchie Torres and New York State Senators Liz Krueger and Brad Hoylman.
New York’s elected officials have more to contend with than ever. New York City is projected to lose $14 billion in tax revenue and up to 475,000 jobs, according to a report by the Independent Budget Office. The state is in similar straits.
Krueger and Hoylman have introduced a bill that would forbid evictions for nonpayment of rent until six months past the state of emergency.
On a national level, last week saw the introduction of a bill in Congress supporting landlord and renter relief — if they agree for a rent freeze of up to five years. REBNY called for government assistance for landlords and Mayor Bill de Blasio came out against a rent strike, but called on the Rent Guidelines Board to freeze rent in stabilized apartments.
And while President Donald Trump, along with some in the private sector, are clamoring for the economy to reopen as restaurants, hotels and retailers struggle or close, Gov. Andrew Cuomo extended New York’s shutdown to May 15.
Torres, who is recovering from Covid-19, is a candidate for Congress in the Bronx and is considered a rising star in New York politics. Hoylman and Krueger, who represent Manhattan, are two of the most active members of the state legislature on real estate issues.
On tonight’s episode of TRD Talks Live, hear from the decision makers in state and city government. Don’t miss learning about the agendas and forecasts from these New York leaders. Register here.