AGENCY TESTIMONY
Current state of rent arrears at NYCHA
0:04:29
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38 sec
NYCHA is facing a significant challenge with rent arrears, which have increased dramatically since 2019. The agency is currently collecting only a fraction of the rent owed, impacting its ability to maintain and improve housing.
- Rent collection rate is about 68% of rent owed
- Rent arrears stand at $487 million, nearly four times the 2019 level
- Current arrears exceed the ERAP funding secured for residents
Eva Trimble
0:04:29
Unfortunately, we are currently collecting only about 68% of the rent owed and rent arrears now stand at 487,000,000, nearly four times what it was in 2019 and well beyond the ERAP funding we've secured for our residents.
0:04:46
All households must do their part in paying rent so that we can provide the quality of life that residents deserve.
0:04:53
As the largest public housing authority in the nation and the city's most significant resource of affordable housing, we recognize the ability of affordable housing to stabilize and support and offer our pathway to opportunity for the hundreds of thousands of families we serve.
