When ERAP ends, purgatory may continue for landlords – Robert Khodadadian

, When ERAP ends, purgatory may continue for landlords – Robert Khodadadian, Robert Khodadadian

Landlords were desperate for action on New York’s Emergency Rental Assistance Program, which exempts tenants from eviction despite running out of cash, and last week they got it. Under a settlement, on Jan. 15, ERAP will no longer accept applications, meaning no more instant eviction shield for tenants who apply. But troubling questions remain for landlords and the tens of thousands of applicants who have yet to hear if they qualify for aid. How long

 Landlords were desperate for action on New York’s Emergency Rental Assistance Program, which exempts tenants from eviction despite running out of cash, and last week they got it. Under a settlement, on Jan. 15, ERAP will no longer accept applications, meaning no more instant eviction shield for tenants who apply. But troubling questions remain for landlords and the tens of thousands of applicants who have yet to hear if they qualify for aid. How long
The post When ERAP ends, purgatory may continue for landlords appeared first on New York.  Commercial Real Estate, Home Page, Chip, Evictions, Kathy Hochul, Politics The Real Deal New York 

Lead by real estate veteran Robert Khodadadian, has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

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