When rent came due on April 1st, millions of Americans couldn’t pay. We talked to New York State Senator Michael Gianaris about his plan to forgive rent for three months in the state
That’s exactly what Gianaris is pitching: a simple, understandable proposal to fix that crisis in real time — rather than after the damage is done.“It’s an out-of-the-box problem and it needs an out-of-the-box solution,” says Gianaris.
Let’s talk for a minute about some of the different kinds of help that are already available in New York state. Through a series of executive orders Governor Cuomo issued in late March, there is a 90-day eviction freeze and a 90-day mortgage deferment in the state. The federal government even followed New York’s lead and included a similar mortgage measure nationally in March 27th’s CARES Act. But at the end of the 90-day time period, those mortgage payments are still due.
Well the reason renters have lost their jobs is because the small businesses they worked for have shut down. And the entities that are most likely to survive this kind of dramatic upheaval tend to be the Big Boys, either big corporations or industries that get bailed out by the government, not the Mom-and-Pops and the workers. And that’s why I’m trying to start at the bottom of the economic ladder. Let’s deal with the workers and the renters first.
So how would the plan work? Would everyone in the state qualify, or only those who lost work due to the crisis? How would one need to show that one had lost work?
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