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New York

New Yorkers eligible for $100M in rent relief through municipalities

ALBANY, N.Y. (NEWS10) — Gov. Kathy Hochul introduced {that a} $100 million fund is offered for New Yorkers struggling to make rent. The supplemental funding is aimed toward low-income tenants going through homelessness or eviction.

REPORT: Rent up 22% in New York since begin of 2021

“Everyone deserves the dignity of a roof over their head, yet the pandemic has inflamed housing insecurity and made it difficult for many New Yorkers to pay their rent,” Hochul mentioned. “With far too many pushed to the brink of homelessness, this assistance, the first of its kind in many counties outside New York City, will provide a stop gap measure to keep struggling renters in their homes, while helping those in the shelter system secure permanent housing.”   

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The New York State Rental Supplement Program requires counties to opt-in to assist homeless folks and households entry rent help to allow them to transfer out of shelters. A launch from Hochul’s workplace mentioned their intention is to let particular person counties customise a program to fulfill the wants of their underserved populations. It will likely be administered by the Office of Temporary and Disability Assistance (ODTA).

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Part of the fiscal 12 months 2022 funds, the Rental Supplement Program will provides the lion’s share—roughly $68 million—to New York City, and the remaining $32 million all through the state. To be eligible, households should make beneath 50% of the world median revenue—no matter immigration standing—with these incomes underneath 30% getting high precedence.

The cash can solely be used for rent, with native social service districts figuring out protection for arrears, which may solely be paid with native funds. Rental dietary supplements will fund 85% of native honest market rent values, with localities capable of pay as much as 100% with native funds. The announcement from the governor’s workplace mentioned, “A household receiving the supplement will contribute no more than 30 percent of their total earned income toward their monthly rent.”

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$125M in state funding obtainable for landlord rent relief in New York

Counties or localities that opt-in need to submit a distribution plan to OTDA. They can administer their allocation instantly or delegate it to a different public company, contractor, or non-profit group.

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