New York is on pace to run out of rent-relief cash soon without more federal money, according to Gov. Kathy Hochul.
The governor formally called on Treasury Secretary Janet Yellen to provide additional funding for the state’s more than $2 billion Emergency Rental Assistance Program, in a letter Tuesday. New York has obligated and/or paid out more than $1.6 billion so far, and she expects the state to exhaust its remaining funds by early October, even as officials are still receiving more than 9,000 applications per week.
“New York’s need far exceeds available funding, and an additional allocation of federal funding will be required to address this crisis,” Hochul wrote.
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