Following the January 20 inauguration of President Joe Biden and Vice President Kamala Harris, Real Estate Board of New York (REBNY) President James Whelan released the following statement:
“New York and our entire nation continue to face enormous challenges. Yet, with commitment, collaboration, and a unified spirit, we will continue forward on the road to recovery and ensure a brighter future. We welcome President Joe Biden and Vice President Kamala Harris at this critical moment for our nation and we are confident their strong leadership will help make that brighter future possible.
“We are encouraged by the Biden-Harris administration’s plans to resolutely tackle the COVID pandemic and for advancing an additional federal stimulus package as quickly as possible. Senator Chuck Schumer’s well-deserved elevation to Majority Leader will serve to help to expedite this crucial effort to address the needs of millions of New Yorkers.
“It is imperative that the federal government’s next stimulus package includes comprehensive rent subsidies along with unemployment support and additional state and local aid. Washington must address this crisis and act quickly to address its unprecedented economic impacts. Just as we look forward to working with the Biden-Harris Administration to implement any new stimulus plan passed by Congress, we also look forward to working with their administration to advance policies – including a new infrastructure plan – that will create good jobs, produce more housing and get our economy back on track.
“As the new Presidential administration and the new Congress work to pursue these goals, it will continue to be crucial for New York City and State elected officials to play an equally important role in advancing policies that will create more of the good jobs and housing needed to rebuild our State’s economy. Such policies will form the basis of genuine economic recovery. New York will succeed if we all remember the importance of working together toward a common goal of progress for all.”
REBNY is an NYC-based real estate trade association founded in 1896. The organization represents commercial, residential, and institutional property owners, builders, managers, investors, brokers, and salespeople; banks, financial service companies, utilities, attorneys, architects, and contractors; corporations, co-partnerships, and individuals professionally interested in New York City real estate.