Crain's New York Business

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HEALTH CARE Post-Covid clinics stay nimble as disease keeps changing PAGE 4

CRAINSNEWYORK.COM

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ON THE MARKET An exec is selling his UES townhouse for $38 million PAGE 3

May 24, 2021

ADAMS

MAYORAL RACE 2021

AN ELECTION FOR THE AGES

DONOVAN

The primary season is heating up. Who is best equipped to lead the city into a new era of prosperity? Page 13

SLIWA

MATEO

YANG

WILEY

ISTOCK, BUCK ENNIS

MCGUIRE

GARCIA

STRINGER

REAL ESTATE

What happens when NY’s eviction moratorium ends? Officials are leaning heavily on federal funds to provide rent relief for tenants and landlords BY EDDIE SMALL

W

hen New York’s eviction moratorium was announced on March 20, 2020, it was meant to last 90 days. More than a year later, the moratorium remains in effect after being extended multiple times, with Aug. 31 being the latest end date. The most recent extension in particular drew fierce resistance from landlord groups that

NEWSPAPER

VOL. 37, NO. 20

deemed it unnecessary. And as New York’s vaccination effort continues and its Covid-19 infection rate decreases, there is a chance it will be the last extension. “I certainly couldn’t guarantee what’s going to happen,” said Assemblyman Jeffrey Dinowitz of the Bronx, who sponsored the most recent moratorium extension bill, “but I’d like to think that we would not have to extend this again. That’s certainly my hope.”

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The eviction moratorium’s end could bring about a problem New Yorkers have been worried about almost since it was enacted: a wave of eviction cases hitting housing court, followed in short order by a spike in homelessness. Although state and city officials have taken steps to avoid that outcome—and they maintain that the pending rollout of a $2.4 billion state rent-relief program could go a long way

toward preventing it—housing advocates have concerns about what will happen when evictions are allowed to resume. “Many of the cases that were pending before or are currently pending could be resolved by money, and that’s what the federal money is supposed to do. And that’s why we’re trying to push the state to really get that

THE LIST

LARGEST CITY GOVERNMENT AGENCIES PAGE 10

DEPARTMENT of Education Chancellor Meisha Porter

See EVICTION on page 31

CRAIN’S PAGE 18

2021


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