By Maria Rocha-Buschel
City officials have indefinitely suspended eviction proceedings in response to the coronavirus pandemic, according to a memo from the state’s chief administrative judge on Sunday.
The memo from the Unified Court System last weekend said that effective at 5 p.m. on Monday, March 16, the courts would be postponing all non-essential functions until further notice, including pending trials, due to the ongoing public health emergency in New York State.
Prior to the city’s decision to halt evictions, a group of 29 New York rental building owners and managers, including Blackstone, instituted a voluntary 90-day moratorium on evictions, which was announced shortly after the court system had issued a one-week moratorium.
Various housing groups, including Right to Counsel NYC Coalition and Housing Justice for All, pushed a joint city and state strategy, calling on Mayor Bill de Blasio and Governor Andrew Cuomo to implement an eviction moratorium and to close the courts. More than 15,000 tenants across the state also signed a petition to the governor calling for an eviction moratorium and immediate rent freeze.
Tenants should campaign against Blackstone
I attended the press conference on March 5 announcing that the Stuyvesant Town-Peter Cooper Village Tenants Association had filed legal action in New York State Supreme Court to protect about 6,200 rent-stabilized units in the community from being illegally deregulated by The Blackstone Group.
The Blackstone Group, a global private equity firm, is a member of the Real Estate Board of New York (REBNY). Blackstone, which is primarily owned and run by five of the greediest predators on earth, want to turn Stuy Town into a cash cow by raising rents sky high. The company is led by Stephen Schwarzman, chairman, CEO and co-founder. His net worth is $18.5 billion and he owns 231,924,793 shares or 47% of the company’s stock valued on March 5th at approximately $58 per share. His pay from 2016-2018 was $242 million.
The other four top executives at Blackstone are President Jonathan Gray (2016-2018 pay: $309 million), Executive Vice Chairman Hamilton James (2016-2018 pay: $232 million), Chief Financial Officer Michael Chae (2016-2018 pay: $65 million) and Vice Chairman J. Tomilson Hill (2016-2018 pay: $60 million).