A coalition of owners of market-rate and affordable apartment buildings, housing nonprofits, and service providers are coming together to address tenant hardship arising out of the crisis by funding an increase in supportive services, including rental assistance counseling for all New York City tenants.
In addition to making a philanthropic donation to support the rapid scaling-up of community-based rental assistance counseling, each property owner-member of Project Parachute has pledged to:
Work with tenants impacted as a result of Covid-19 on an individual basis to establish payment plans and waive fees with an emphasis on housing stability and keeping tenants in place in their homes
Establish a core set of just and equitable principles that guides coalition members on how to best address tenant hardship by enabling tenants to remain in their homes and avoid eviction even after the moratorium expires;
Create a fund to support the rapid scaling-up of community-based rental assistance counseling and supportive services for tenants. Specifically, the coalition will engage non-profit partners focused on housing and vulnerable communities to establish a corps of counselors to assist renters navigating their inability to pay rent. This fund will support groups working with all impacted tenants in New York City, regardless of immigration status.
Raise additional philanthropic funds to provide greater rent relief as the program scales across the city.