“A situation with people being out of work for greater than four months would ultimately hurt their ability to pay rent.”
State officials say that these programs taken together will provide more than $75 million of state and private financial support, with the opportunity to grow to more than $100 million if additional philanthropic, state, and federal resources become available. T
Coronavirus Market Reset Highlights NYC Real Estate Interdependence of Public and Private Partnerships
With uncertainty clouding the economy, New York City real estate owners are asking how the current market reset can finally bring real estate professionals and politicians together and resolve battles about the bills and regulations that impacted the sector before the pandemic.
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