Mayor Announces NYC Taxi Medallion Relief Fund

Mayor de Blasio today announced the creation of the city’s first-ever Taxi Medallion Owner-Driver Relief Fund for financially troubled taxi medallion owner-drivers. The Fund will be stimulus-dependent

Official announcement below

Mayor de Blasio Announces Taxi Medallion Owner-Driver Relief Fund

March 9, 2021

NEW YORK—Mayor Bill de Blasio today announced the creation of the city’s first-ever Taxi Medallion Owner-Driver Relief Fund for financially troubled taxi medallion owner-drivers. The Fund, which will be stimulus-dependent, will offer debt relief to taxi medallion owner-drivers whose industry has been hard hit by the COVID-19 pandemic.

“Medallion owners have been hit hard by this pandemic. They deserve all the support we can give them as ridership recovers,” said Mayor de Blasio. “This program creates a pathway to solvency and supports the yellow medallion taxi industry’s important role in building a recovery for all of us.” 

“I have spoken with many medallion owners, and I hear the pain in their voices,” said TLC Chair Aloysee Heredia Jarmoszuk. “They worry about being able to provide for their families, sometimes having to choose between making a loan payment and putting food on the…