On May 5, 2021, Governor Andrew Cuomo signed a bill extending the moratorium on evictions and foreclosures for residential tenants and small businesses with 50 or less employees affected by the COVID-19 pandemic. The protections provided by the COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020 and the COVID-19 Emergency Protect Our Small Businesses Act of 2021 were both extended until August 31, 2021.
The COVID-19 Emergency Protect Our Small Businesses Act of 2021 provides eviction protections to tenants and small businesses that have filed a hardship declaration stating that the said business has lost significant revenue or had significantly increased necessary costs during the COVID-19 pandemic. The bill also prohibits tax foreclosures and tax lien sales and credit discrimination against small businesses that have been granted a stay of foreclosure proceedings as a result of filing a hardship declaration.
For more information about these eviction and foreclosure moratoriums, or regarding challenges to these Laws, please contact CLG and schedule a consultation with one of our attorneys.