New York City Evictions Are Down 78%. However, Experts Say A Tsunami Of Evictions Is On The Horizon

New York City Evictions AreNew York City evictions are down 78%. A predicted wave of evictions didn’t happen last year. Meanwhile, New York City landlords remained on the short end of the policy stick.

Crains reported that evictions in the 12 months after a statewide moratorium expired last January totaled just 4,400. That was down 78% from pre-pandemic levels.

The city executed 21,900 evictions in 2018. This is up from 18,700 the following year.

Data does not say if nonpayment of rent was the reason for the evictions. However, landlords groups say the number is about 90%.

New York State lifted the eviction moratorium on January 15, 2022. After that, evictions rose every month from February to November. However, they plummeted sharply in December. January is on pace to have the most evictions since the moratorium was lifted a year ago.

Various factors contributed to the city’s low number of evictions last year. New York’s Emergency Rental Assistance Program disbursed $2.7 billion through November. The program also granted eviction protections to recipients even after the program ran out of money. Housing court judges also continued to shield applicants from eviction.

NYC is shut down the program. However, the program still has a huge backlog of pending applications. As a result there is no indication of how long it will take for them to be processed.

Landlords had been begging the Hochul administration to shut down ERAP. Landlords say it is preventing them from evicting nonpaying tenants. They say some tenants facing eviction have been buying time by filing for ERAP multiple times. This is either after being denied or receiving their full allocation of aid.

Housing courts have been another challenge for housing providers. They, too, have a giant backlog of cases. And judges are postponing cases if tenants lack legal representation.

Read More About New York Foreclosures And Evictions On MFI-Miami

 

Write A Comment

Your email address will not be published. Required fields are marked *

Ready to get started?

Speak to a specialist at (888) 737-6344

Translate »