The Real Deal
The Real Estate Board of New York announced on Friday that more than
two dozen of its members, who own 150,000 rental apartments, have
pledged to hold off on evictions for the next three months in response
to the coronavirus.
“No one knows how long this pandemic is going to take to play out,”
REBNY president James Whelan said. “Our best guess, in terms of seeing
this through, was to look at a 90-day time period.”
Starting immediately, the members will not execute any warrant of
eviction for three months with the exception of criminal or negligent
behavior that jeopardizes the life, health or safety of other residents,
according to a letter released by REBNY.
“With all the stress, health risk and economic suffering going on
now, no one should have to worry about losing their place to live during
this crisis,” REBNY said in a statement.
The letter was signed by a who’s who of New York City real estate,
including A&E Real Estate’s Douglas Eisenberg, Richard LeFrak,
Related Companies’ Jeff Blau, Brookfield Property Group’s Ric Clark, RXR
Realty’s Scott Rechler, Taconic Partners’ Paul Pariser and Charles
Bendit, Blackstone’s Ken Caplan and Kathleen McCarthy and others.
The move comes just hours after the state announced a one-week moratorium on evictions in New York City, to begin Monday, after calls to do so erupted across the nation.
The leading real estate trade group’s announcement also coincided
with a push from more than 100 other organizations across the city,
spearheaded by the tenant advocacy group Right to Counsel NYC Coalition,
which sent a letter to mayor Bill de Blasio, urging him to close the
city’s housing courts during the coronavirus pandemic.