Adams, Hochul Announce Initial $95 Million in Emergency Rental Assistance for NYCHA Residents
New York – New York City Mayor Eric Adams and New York Governor Kathy Hochul today announced that the New York State Emergency Rental Assistance Program (ERAP) has provided an initial $95 million in financial relief for New York City Housing Authority (NYCHA) residents. The $95 million — now beginning to register in residents’ accounts with NYCHA — is part of the more than $350 million investment in public housing and Section 8 that was advocated for and supported by the Adams administration, NYCHA, and residents and secured by Governor Hochul and the state legislature in the Fiscal Year 2024 Enacted Budget.
“I grew up on the verge of homelessness, so I know how important affordable housing is to New Yorkers. When COVID first put our economy in free fall, and businesses were shutting down and laying people off, NYCHA residents were effectively excluded from emergency rental assistance available to other New Yorkers. For months, our administration partnered with residents and elected officials to advocate for the support they needed, and I’m proud that we are delivering for them today,” said Mayor Adams. “Our teams sat down and built a process that will get struggling families up to a full year of financial relief — and we have already submitted $128 million worth of applications on behalf of 33,000 New York City households. I want to thank Governor Hochul, our partners in the Senate and Assembly, and everyone in our administration who figured out how to get this done and fast-track it so that we can get support to those who need it as quickly as possible. The investments we are making today through the Emergency Rental Assistance Program are not just the right thing to do, but the smart thing to do because investing in New Yorkers today will pay dividends tomorrow.”
“Tenants who live in public or subsidized housing deserve safe, livable, and affordable homes,” said Governor Hochul. “This major investment in public housing has already helped 15,000 households stay in their homes, and I’m committed to working with NYCHA to ensure every eligible tenant gets the support they need.”
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Source: The Office of the Mayor