September 18, 2021
NEW YORKMayor Bill de Blasio today announced New York Citys $65 million Medallion Relief Program (MRP), which could result in $500 million of debt forgiveness for thousands of drivers, has delivered nearly $700,000 in relief for the first three owners to fully restructure their loans. The Taxi and Limousine Commission (TLC) is poised to close deals with 13 more owners by the end of September, which would result in as much as $2.6 million in relief. Nearly 800 medallion owners are in stages of renegotiations, a significant portion of which will be completed by the end of 2021.
Medallion owners have worked tirelessly to keep New York City moving, and they deserve economic justice to make manageable payments and retire w…
Read the full article at: https://www1.nyc.gov/office-of-the-mayor/news/629-21/first-taxi-medallion-owners-receive-700-000-debt-relief-500-million-total-relief
