On April 22, 2020, the New York City Council Speaker Corey Johnson introduced a bill meant to give much needed relief to residential and commercial tenants suffering from the economic fallout of the COVID-19 pandemic (the Bill). The Bill—Int. No. 1912, titled “A Local Law in relation to ceasing the taking and restitution of property and the execution of money judgments by the City sheriff and marshals due to the impacts of COVID-19”—is intended to effectively extend the existing federal and New York state moratoria on evictions by directing New York City marshals and sheriffs not to enforce any possessory or money judgments until as late as April 2021, so long as the judgment debtor can show a court that it has suffered a “substantial loss of income” because of COVID-19. The Bill is part of a larger tenant-focused legislative package, some parts of which the City Council has already recently approved.
The Bill defines “substantial loss of income” differently for natural persons and businesses.
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