(NEW YORK POST) – New York City's rent-regulated tenants owe more than $1.1 billion in back rent, with nearly 20 percent of them more than two months behind on their payments, according to a new survey.
The findings by the Community Housing Improvement Program – a group that represents landlords of rent-regulated units – also show that about 50,000 tenants are more than $15,000 behind in their rent, which is about a year of missed payments.
The revelations, derived from surveying 40,000 rent-regulated units, comes as New York state is set to receive $1.3 billion in rental assistance from the federal government as part of the latest COVID-19 relief package.
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