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Extending Moratorium Commercial Evictions &

By NYC Hospitality Alliance

Moratorium on Commercial Evictions Extended to January 1, 2021 and RESTAURANTS Act and Save our Stages Act

Moratorium on Commercial Evictions Extended

Governor Andrew Cuomo signed an Executive Order extending the state's moratorium on COVID-related commercial evictions and foreclosures through January 1, 2021. This measure extends protections already in place for commercial tenants and mortgagors in recognition of the financial toll the pandemic has taken on business owners, including retail establishments and restaurants. The extension of this protection gives commercial tenants and mortgagors additional time to get back on their feet and catch up on rent or their mortgage, or to renegotiate their lease terms to avoid foreclosure moving forward. The NYC Hospitality Alliance advocated for the extension of this moratorium and we thank Governor Cuomo for extending this important Executive Order.

 

 
VIEW EXECUTIVE ORDER

 

 

RESTAURANTS Act and Save our Stages Act
 
U.S. Senator Chuck Schumer and others introduced the HEROES Small Business Lifeline Act, a comprehensive package of measures that would provide over $370 billion of support to the hardest-hit, most vulnerable small businesses. This Act includes the RESTAURANTS Act and Save our Stages Act which provide dedicated assistance to restaurants, bars, clubs, concert venues, and theaters, both of which the NYC Hospitality Alliance has been advocating for. The bill is nearly identical to the small business provisions of HEROES 2.0, which passed the House of Representatives on Oct. 1. A big thank you to Senator Schumer and others for supporting the countless small businesses teetering on the edge of survival during this crisis.  They are fighting to pass the Act immediately and we'll keep you up-to-date.
 

 

 
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