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New York lawmakers are finalizing a program to distribute billions of dollars in emergency federal rent assistance to tenants and landlords impacted by the pandemic.
According to details of the deal shared with legislators over the weekend and reviewed by Gothamist, the state s Office of Temporary and Disability Assistance would be tasked with sending out $2.35 billion in federal funding and $100 million in state aid earmarked for rental assistance.
The program is expected to be passed as part of a budget deal that was due April 1st, which Governor Andrew Cuomo and state legislators were still finalizing as of Monday. It comes at a time when as many as 1.2 million tenants across New York face the possibility of eviction. Both renters and landlords have expressed frustration that the state has not distributed any of the rent relief allocated in the last two rounds of federal stimulus packages, including the $1.3 billion sent to New York in December.