Affordability preserved at Cooper Square, Co-op City

By Maria Rocha-Buschel

The Department of Housing Preservation and Development announced last Friday that affordability has been preserved for 16,083 homes, including in Cooper Square and Co-op City. The city used low-cost preservation programs and tax exemptions to guarantee stability for families in 95 buildings throughout Manhattan, Brooklyn and the Bronx.

“We are facing an unprecedented crisis, and after we have defeated this virus and begin to pick up the pieces, we will need affordable housing like never before,” Mayor Bill de Blasio said. “Locking in the affordability of these homes across the city will be crucial to ensuring stability for New Yorkers as we recover.”

HPD was able to secure affordability for 327 apartments across 21 buildings for the Cooper Square Mutual Housing Association in the East Village, which is the oldest Community Land Trust in the city. HPD collaborated with the Office of the New York State Attorney General, which provided $1.5 million in funding that Cooper Square will be able to use to expand services for local senior residents. Affordability has been ensured at Cooper Square for the next 40 years as a result of the deal.

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Bill will further protect tenants against eviction

By Maria Rocha-Buschel

State Senator Brad Hoylman and Assemblymember Jeffrey Dinowitz, along with State Senator Liz Krueger, introduced the NYS Tenant Safe Harbor Act on Tuesday in order to further protect tenants from eviction beyond Governor Andrew Cuomo’s 90-day eviction moratorium.

The new bill would prohibit landlords from evicting tenants for non-payment of rent that accrued during the State of Emergency and for six months after the State of Emergency’s eventual end. Cuomo’s executive order prevents landlords from evicting tenants for 90 days, which will be in effect until at least June 20, but tenants who can’t afford to pay all of the rent owed once the moratorium ends could face immediate eviction. The legislation, sponsored by Hoylman and Dinowitz and co-sponsored by Krueger, would protect these tenants from being evicted for non-payment of rent that accrued during the State of Emergency that started on March 7, through six months after the State of Emergency ends.

“The governor’s 90-day eviction moratorium was a good first step to protect tenants from losing their homes during the COVID-19 crisis. But it’s not enough,” Hoylman said. “Unless we act, we’ll see a tidal wave of evictions immediately after the moratorium ends when tenants who’ve lost income are suddenly forced to pay several months’ worth of rent. Our legislation prevents an impending eviction disaster by providing tenants who’ve lost their jobs a safe harbor to get healthy and back on their feet while our country recovers from this economic disaster.”

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