Economy
NYCHA Blames Dreary Financial Outlook on $454 Million in Unpaid Pandemic Rent
Jeanmarie Evelly and David Brand |
More than 73,000 NYCHA households are behind on rent, what officials say will force the public housing authority to draw from operating reserves and make other cuts in the year ahead—and could potentially hamper its repair plans. Meanwhile, the state’s already-exhausted Emergency Rental Assistance Program (ERAP) to aid New Yorkers in rent arrears is unlikely to reach NYCHA.