Home » Economy » Coronavirus bill to 'cancel rent' gains support in hard-hit NYC
Coronavirus bill to 'cancel rent' gains support in hard-hit NYC
Fox Business Flash top headlines for April 3
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com.
Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here.
Continue Reading Below
A New York state bill that would suspend rent payments for residents and small businesses affected by the coronavirus pandemic is gaining support from officials in hard-hit New York City.
The bill, which was authored by state Sen. Michael Gianaris of Queens, would waive rent for 90 days in cases of tenants who have lost income or been forced to close their business as a result of government mandates deeming them non-essential. The bill would also waive some mortgage payments for 90 days for borrowers affected by the pandemic.