Bill > S04050

This bill enacts the "COVID-19 housing relief and recovery for all act" in New York. The key provisions are: 1. It suspends the obligation of residential tenants to pay rent from March 7, 2020 until 90 days after the state of emergency is declared over, prohibits related fees or evictions, and prevents tenants from being reported to credit agencies or having their credit harmed. 2. It suspends the mortgage payment obligations of small homeowners (6 or fewer units) for the same time period, prevents foreclosure actions, and prohibits related fees or credit impacts. 3. It provides assistance payments to residential housing cooperatives, affordable housing operators, and public housing authorities to help offset lost rental income during the pandemic. This assistance comes with requirements to maintain affordable housing and protections for tenants. 4. It establishes a landlord relief fund to reimburse landlords for rent payments suspended under the act, with similar tenant protection requirements. 5. It allows individuals aggrieved by violations of the act's provisions to bring civil actions for damages and injunctive relief. The overall goal is to provide broad housing and financial relief to residential tenants, homeowners, and housing providers impacted by the COVID-19 pandemic in order to maintain housing stability and prevent increased homelessness and public health risks.

Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2021/S4050