Half of NY’s $2.4B in rent relief held up 6 months after launch

Local News
Apartment for rent

A sign advertises an apartment for rent along a row of brownstone townhouses (Photo by Drew Angerer/Getty Images)

ALBANY, N.Y. — Landlords and tenants are urging New York to swiftly release almost $1 billion meant to cover months of back rent for tenants.

New York officials cautioned this month that the $2.4 billion set aside for rental relief will likely not cover additional applicants, and closed the program to most new applications.

The fund has dispersed $1 billion as of Nov. 19. But another $1 billion has remained held up for months in part because of tens of thousands of incomplete applications submitted by tenants from June through September.

It’s far from clear when or how quickly New York can release those funds.

Copyright 2022 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Connect with PIX11 Online

Connect with PIX11 Online

Trending Stories

Global Coronavirus Tracker

Follow us on Facebook

Don't Miss

@PIX11News on Twitter