âWe’ve had homeowners who have a dozen properties, and they probably see an average of nine to 10 month arrears per property,â he said.
The good news, Glover said, is that some landlords are paid through the Emergency Rent Assistance program. The bad news is that it often takes a long time, which puts a strain on their patience with tenants.
Up to November 19, the Office of Temporary and Disability Assistance made 83,488 rent arrears and potential rent payments totaling $ 1.1 billion statewide, an average of 12,527 $ per payment.
The state’s ERAP program has received more than 280,000 requests since June 1, with requests for assistance exceeding $ 2 billion, and many requests were no longer being accepted as of mid-November. Governor Kathy Hochul has asked the federal government for almost $ 1 billion more for emergency rent assistance.
In Erie County, $ 25.6 million was made in 3,873 payments, an average of $ 6,607 per payment, and in Niagara County, 829 payments totaling $ 4.3 million were made , for an average of $ 5,191 per payment, according to OTDA data.
Pasquale said he was withdrawing up to $ 20,000 a month from his savings account during the pandemic just to meet bills for 44 South Buffalo rental units. Some of his tenants have stopped paying their rent, even though they continued to work during the pandemic, he said.