Multifamily Investors Bet New York's Rent Laws Won't Hold
Tough conditions forced owners to sell, but young, well-heeled buyers are picking up the scraps, betting the situation will change.
Source: therealdeal.com
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Governor Kathy Hochul, Legislature to Convene on Evictions
Gov. Kathy Hochul called a special legislative session to address evictions in the wake of the Supreme Court ending the federal moratorium.
Source: therealdeal.com
Kathy Hochul Focused On Rent Relief
New York Gov. Kathy Hochul plans to hire more staffers to process applications for the state’s emergency rental assistance program, ERAP.
Source: therealdeal.com
Hochul slams Supreme Court eviction ruling, vows fix
Hochul vowed to ramp up the state’s problem-plagued COVID rental relief program, which has doled out only 4% of roughly $2.3 billion in federal funds.
Source: nydailynews.com
U.S. Supreme Court Blocks Part Of New York's Ban On Residential Evictions
The court has agreed to partially lift a ban on evictions for renters in New York state, which was already scheduled to expire at the end of the month.
Source: npr.org