Making Rent When The Paycheck Abruptly Stops
Originally published in
WSHU
The state is considering legislation to suspend rent collection for 90 days for people who were hurt by the pandemic.
State Senator Kevin Thomas of Long Island is a cosponsor of the legislation.
“We are in an emergency situation here. Individuals that were living paycheck to paycheck no long have a paycheck. They now have to choose between paying rent or putting food on their tables for their families.”
He says the bill also allows landlords to get a deduction on their mortgages.
“This also helps landlords because if tenants are not paying the monthly rent, they can use that towards a deduction of their mortgage payments to the bank.”
Read the full story on WHSU.org.