Federal Activities:
On March 1, Federal Housing Finance Agency Director Mark Calabria announced that he authorized the disbursement of $1.09 billion for Fannie Mae and Freddie Mac’s affordable housing allocations for 2020. $711 million will go to the U.S. Department of Housing and Urban Development for the Housing Trust Fund, an increase from the $326.4 million disbursed for 2019. The sum of $383 million will go to the Department of the Treasury for the Capital Magnet Fund, an increase from the $175.8 million disbursed for 2019. For more information, click
On February 25, the Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and Office of the Comptroller of Currency issued the Shared National Credit Review for 2020. The 2020 review found that credit risk for large, syndicated loans has increased over the last year. For more information, click
Column: COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020 nny360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nny360.com Daily Mail and Mail on Sunday newspapers.
Recently the New York State Legislature passed, and the Governor promptly signed, the COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020 (âEEFPAâ) into law. EEFPA was designed to dramatically slow or stop any eviction proceeding in the State and to provide relief to homeowners affected by the pandemic.
Background
Since Executive Order 202.8 was issued on March 3, 2020, initiating a temporary pause on eviction proceedings, prosecuting evictions in New York state has been fraught. After the initial moratorium was extended by E.O. 202.28 on June 30, 2020, New York tenants gained additional protections through the Tenants Safe Harbor Act (âTSHAâ). Although some evictions were able to resume Oct. 1, 2020, New York State Unified Court System administrative orders, moratoria on default judgments, and court backlogs have also combined to stymie landlordsâ efforts to remove nonpaying tenants. Via the latest executive order addressing evictions, the T
Elected Officials, Advocates Convene to Urge New York Tenants Having Difficulty Paying Rent to Submit “Hardship Declaration Forms” to Prevent Eviction
(NEW YORK, NY) – State Senator Brian Kavanagh and Assembly Member Jeffrey Dinowitz, who sponsored New York’s recent legislation mandating an eviction moratorium for tenants facing COVID-19 hardship, The Office of NYC Public Advocate Jumaane D.
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now surpassed one million coronavirus vaccinations, hitting the mark with 1,032,158 doses given out as of Tuesday. That may sound like a lot, but remember that Mayor Bill de Blasio
pledged to do a million vaccinations in the month of January alone, on top of the ones already done in December. Now well into February, it’s fair to say we’re quite a bit behind schedule, as the mayor readily acknowledges.