On Dec. 28, the New York legislature convened in a special session to extend the eviction moratorium until at least May. Governor Cuomo signed the COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020 into law, which went into effect immediately.
The Act (S.9114/A.11181) prevents residential evictions, foreclosure proceedings, credit discrimination, and negative credit reporting related to the COVID-19 pandemic. It also extends the Senior Citizens' Homeowner Exemption and Disabled Homeowner Exemption from 2020 to 2021. The Act adds to New York State's efforts to protect tenants and homeowners from the economic hardship incurred as a result of the COVID-19 pandemic.
The legislation helps tenants facing eviction and mortgagors facing foreclosure proceedings due the pandemic in five areas: