$125M Landlord Rent-Relief Program Launched by NYS

To provide aid to residential landlords unable to “take part in the state’s Emergency Rental Assistance Program because their tenants declined to participate in it, as well as owners whose tenants have left their building while still owing rent,” New York State is launching a $125 million rent-relief program starting October 7, 2021. Landlords will be able to apply directly for rental assistance via a dedicated portal on the Office of Temporary and Disability Assistance website, the program designed to provide up to 12 months of past-due rent.

Source:    https://www.crainsnewyork.com/residential-real-estate/new-york-launches-125m-landlord-rent-relief-fund