REBNY, top NYC landlords agree to stop evictions as response to coronavirus

The Real Estate Board of New York and owners representing more than 150,000 rental units in the city pledged Friday to put a three-month moratorium on evictions in response to the coronavirus crisis.

“In crises, New Yorkers pull together. Now is a time for everyone to do their share,” said REBNY President James Whelan and more than 25 of the city’s top rental building owners and managers in an open letter.

“Starting immediately, we are voluntarily pledging that we will not execute any warrant of eviction for the next ninety days unless it is for criminal or negligent behavior that jeopardizes the life, health or safety of other residents,” the letter says. “With all the stress, health risk and economic suffering going on now, no one should have to worry about losing their place to live during this crisis.

“With New York at risk, we must come together and protect our residents. We can’t shake hands or hug each other right now. But we must all turn toward each other and help each other. Together, we will survive this crisis — and so will this wonderful City we all love.”

Some of the developers who joined in penning the letter include Scott Rechler, Larry Silverstein, Jed Walentas and David R. Greenbaum.