Governor Hochul Announces New York State Requests Additional Federal Funding for Emergency Rental Assistance
New York (STL.News) Governor Kathy Hochul today announced that New York State has requested $996 million in additional federal funding from the U.S. Department of Treasury for the Emergency Rental Assistance Program to help fulfill an unmet need among struggling tenants and landlords. Governor Hochul directed the state Office of Temporary and Disability Assistance – the agency administering New York’s program – to apply for federal funding from reallocated sources sometime this fall.
“From the start of my administration, I pledged to get federal rental relief money to New Yorkers still recovering from the pandemic. While New York accelerated getting rent relief out the door and moved from the back of the pack to the front amongst other states, there are still many individuals in need of assistance,” Governor Hochul said. “I thank Congresswoman Kathleen Rice and the entire Congressional Delegation for their support. New York has demonstrated both a need for this funding and an ability to distribute it, which is why we believe New York is well positioned to receive any additional assistance that may come available through the Treasury’s forthcoming reallocation.”
Less than six months after first taking applications, New York State’s Emergency Rental Assistance Program now nearly fully obligated its $2.4 billion in funding.
The program began accepting applications on June 1 and has since received more than 280,000 applications. After OTDA issued the first direct payments to landlords in mid-July, payments accelerated under Governor Hochul.
In total, the program has either obligated or paid more than $2 billion in rental assistance, covering roughly 165,000 applications to the program, including over 81,000 direct payments to landlords. Last month, the Office of Temporary and Disability Assistance warned that the program’s federal funding was almost entirely committed, except in limited areas where allocations have not yet been exhausted.
Absent additional federal assistance, the program will be unable to fulfill many pending funding requests. Recognizing this as a looming concern, Governor Hochul first contacted the U.S. Treasury to request additional funding in late September, indicating the need and the state’s intention formally apply for more funding. Led by Congresswoman Rice, 17 members of the New York State Congressional delegation have submitted a letter to the U.S. Treasury in support of this application.