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Commercial Moratorium Law and, collectively with the Residential Moratorium Law, the
Laws ) originally expired on May 1, 2021 and have now been extended to August 31, 2021 (with retroactive effect to the original expiration date). The Residential Moratorium Law is intended to protect families suffering from pandemic-related hardship from being evicted from or foreclosed out of their homes during the pandemic, which could exacerbate the current public health emergency. The Commercial Moratorium Law is meant to provide eviction and foreclosure protection for small businesses so they can survive the pandemic, which has caused a steep reduction in business and drop in revenues for most small businesses in New York. Some of the material ....
State lawmakers have extended protection from evictions for another three months. But that is a double-edged sword, because it puts landlords in a tough spot as well. It is now more than a year that tenants have been legally protected from being put on the street. Get our free mobile app State lawmakers have approved parallel packages for tenants and landlords. The moratorium on evictions to protect renters, includes a measure to protect landlords from foreclosure. The elephant in the room is what happens when those protections go away? No one realistically wants tenants on the street, but landlords need rent to pay mortgages as well as for income. ....
Governor Cuomo extends moratorium on evections for tenants and homeowners whcuradio.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from whcuradio.com Daily Mail and Mail on Sunday newspapers.
19 hours ago in Community, Local Photo: WHCU ALBANY, N.Y. (WHCU) – Governor Cuomo has signed legislation extending a moratorium on evictions. The acts being extended are the COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020 and the COVID-19 Emergency Protect Our Small Businesses Act. The extension’s goal is to protect tenants and homeowners who are still facing economic troubles due to the pandemic. Assemblyman Chris Friend opposed the legislation, saying the extension is the wrong approach to stabilizing affordable housing during the pandemic. State Senate Majority Leader Andrea Stewart-Cousins says the extension ensures tenants, homeowners, business owners, and small landlords won’t have to worry about getting kicked out. ....
Cuomo extends protections for landlords, tenants affected by coronavirus Updated May 05, 2021; Posted May 05, 2021 Gov. Andrew Cuomo speaks during a news conference on Wednesday.Spencer Platt | Getty Images pool photo via AP Facebook Share STATEN ISLAND, N.Y. Protections for tenants and landlords facing eviction or foreclosure due to coronavirus (COVID-19) pandemic-related hardships have been extended through Aug. 31, 2021, Gov. Andrew M. Cuomo announced Tuesday. Cuomo signed an extension of the COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020 and the COVID-19 Emergency Protect Our Small Businesses Act. The legislation extends protections prohibiting residential and commercial evictions, foreclosure proceedings, credit discrimination and negative credit reporting related to the COVID-19 pandemic until Aug. 31, 2021. ....