Six months into a $65 million city plan to rescue struggling taxi owners trying to restructure enormous debt, none of the relief money has been allocated.
Established in March, the rescue fund was supposed to help underwater taxi medallion owners renegotiate their loans with private lenders. Those eligible would get a $29,000 grant to help them refinance.
Medallion owners and drivers—many of whom are immigrants with limited English-language skills—are even having trouble contacting the New York Legal Assistance Group, the nonprofit whose attorneys were tasked by the city to manage negotiations with lenders.
The relief plan “hasn’t made a material difference for our drivers,” said Bhairavi Desai, executive director
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