New Round Of Financial Relief Available To Landlords Waiting On Past Due Rent

App users, tap here to watch video report.

JAMESTOWN – Landlords who suffered financial losses because of New York’s eviction moratorium now have a chance to receive financial relief under a new program.








State Senator George Borrello announced that the Landlord Rental Assistance Program is now accepting applications from owners of rental properties.

The program is specifically for landlords who have been unable to participate in the Emergency Rental Assistance Program because their tenants vacated the rental with past due rent, or declined to complete an application.





Borrello says priority will be given to property owners with small-to-medium sized properties and the funds are first come, first serve.

Eligible landlords must own units leased for at or below 150 percent of fair market rent for their location and must have documented the rental arrears accumulated after March 1, 2020, that are owed by a tenant who either vacated the unit or is declining to participate in the program.















Property owners can start the application process at otda.ny.gov/lrap.

 

Make it easy to keep up to date with more stories like this. Download the WNY News Now mobile app on the Apple App Store and Google Play Store.

 

Have a news tip? Email newsdesk@WNYNewsNow.com, send us a message on Facebook, or Twitter.

WNY News Now encourages an open exchange of opinions and ideas on our stories, however, we ask everyone to follow our comment policy.

Be the first to comment

Leave a Reply

Your email address will not be published.


*


This site uses Akismet to reduce spam. Learn how your comment data is processed.