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Updated over 3 years ago,
Will NYC Grants/Voucher provide stability?
According to The Wall Street Journal, NYC renters owe more than $1 BILLION in UNPAID rent as of January 2021. An estimated 185,000 households are behind $6000 in rent. In December, Mr. Cuomo extended New York's eviction moratorium until May 2021. Unemployment within NYC is still at a all time high private sector jobs in New York City fell by 532,500 over-the-year to 3,503,200 in March 2021.
The average tenant isn't required to pay rent and with the rising unemployment rate receiving rent on time isn't a guarantee. However tenants who have housing vouchers/grants guarantees landlords the opportunity to receive rent on time.
In a market full of uncertainty can Voucher/Grants provide stability?