Senator Oberacker Calls For Release of Landlord & Tenant Federal Funding
State Senator Peter Oberacker joined with members of the Senate and Assembly Republican conferences to call for Governor Cuomo to release tenant and landlord relief funds supplied by the federal government according to a press release from Oberacker's Office.
Oberacker says, "From the start of the COVID pandemic, housing has been a primary concern. Many families and individuals have been unable to pay their rent and while moratoriums have rightfully allowed them to stay in their homes, small landlords have been ignored. Meanwhile, the governor is sitting on $1.3 billion dollars in federal relief that can aid both tenants and landlords, but inexplicably has failed to get the money to the people.”
According to the National Association of Realtors, over half of the households not current on rent throughout the nation live in one-family homes and two-to-four unit properties straining the “mom and pop” property owners who own 73 percent of such rental properties.
New York State is holding $1.3 billion in federal COVID-19 assistance from the second round of CARES Act relief assistance which must be specifically distributed to tenants and landlords. The money needs to be used by Sept. 30 or it will be forfeited.