September 25, 2021
$500 Million in total relief expected for more drivers
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 $5.1 million in debt cancellation for the first 26 owners to fully restructure their loans. As of this week, 954 medallion owners have completed appointments with the TLCs Owner/Driver Resource Center and are in various stages of renegotiations, a significant portion of which will be completed by the end of 2021.
Medallion owners have more than earned their place as an essential part of the Citys transportation network, and this visionary program will ensure that those…
Read the full article at: https://www1.nyc.gov/office-of-the-mayor/news/650-21/first-taxi-medallion-owners-see-5-million-debt-relief
