The Emergency Rental Assistance Program (ERAP) was closed on Jan. 20, 2023, by the Office of Temporary and Disability Assistance (OTDA). For months, many summary proceedings have been on hold for tenants with pending ERAP applications, even when funding for the...
Residential Leases
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NYC housing courts struggling to recover from COVID restrictions
After the long haul through the eviction moratorium and other pandemic-related restrictions, property owners are ready to get back on track with life as we knew it in the housing business. Unfortunately, this is not yet the case. Several moving parts seem to...
New legislation makes certain hotel-apartment conversions more attractive
New York Gov. Kathy Hochul signed legislation on June 7, taking effect immediately, that will ease red tape for hotel owners and developers considering the conversion of underutilized, sometimes vacant hotels into affordable residential units. The bill allots $200...