As co-coalition leaders of Underoneroofny, we write in follow up to our original correspondence of June 11, 2020, on behalf of all small business property owners in the State of New York. This coalition was formed last year, to address the unintended consequences of the Housing Stability and Tenant Protection Act on both tenants and property owners. Our members are small business owners who provide quality housing to other hardworking New Yorkers and serve as economic drivers in their local communities as well as tenants who live in these properties.
We understand that the climate we are in is unprecedented. However, our coalition members continue to operate under unclear and demanding conditions. The government has continuously relied on this industry sector to support tenants, the only industry that has been asked to continue operations without the cash flow to support their investments. Small property owners may not be able to sustain their small businesses without immediate assistance.
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