Assemblyman Jake Ashby (R,C,I-Castleton) is pleased to announce the launch of a $3.5 billion Emergency Rental Assistance program which marks the first true relief for landlords and property owners who have suffered tremendous financial hardship over the course of the COVID-19 pandemic. The program has allocated $2.7 billion for eligible residents & landlords and $800 million to eligible small businesses. Online applications will be accepted starting June 1 for the rental assistance program and on June 10 for the small business assistance program.
“This is truly great news for countless landlords and property owners across Upstate New York,” said Ashby. “Landlords and property owners have been overlooked again and again in terms of the policies and aid issued during the COVID-19 Pandemic, resulting in countless local landlords being owed thousands in past rent. This program provides a real opportunity for these landlords to receive the money they are owed so they continue maintaining their properties and provide much-needed housing for our community.”
If eligible, the rental assistance program will cover up to one year of back-rent and, in some cases, provide an additional three months’ worth of rent. Additionally, the program could provide assistance to cover up to a year of owed utility payments.
For more information on the rental assistance program, applicants and rental property owners are encouraged to visit: otda.ny.gov/erap. There, the program and eligibility requirements are explained in detail. The application will begin to be accepted on June 1.
Ashby also highlighted that the Emergency Rental Program also has dedicated funds for small businesses. The minimum grant award to small businesses will be $5,000 with a maximum of $50,000. The grants could cover operating expenses, payroll, rent or mortgage payments, taxes, utilities, personal protective equipment and other expenses incurred during the pandemic.
“Our local small businesses are the backbone of our community and have endured so much hardship over the past year – I am proud to announce this important opportunity for meaningful relief to help our small businesses get back on their feet,” said Ashby.
Small businesses seeking assistance should visit NYSBusinessRecovery.ny.gov. There, business owners may also find what other assistance for which they may qualify.