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The New York State Office of Temporary and Disability Assistance (OTDA) announced that the application portal for the state’s Emergency Rental Assistance Program (ERAP) will close on January 20, 2023.
ERAP BENEFITS
ERAP was created to provide financial relief for tenants who could not pay their rent due to COVID-19 related economic hardships. The program, which started in June 2021, has distributed over $2 billion in payments to landlords. While ERAP provided welcome relief for some tenants and landlords, the program has also had significantly detrimental consequences for property owners across New York State.
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