NEW YORK (AP) -- New York City has to revoke more than 3,000 vouchers that poor residents were counting on to help pay for housing.
The New York City Housing Authority said Thursday it has to void 3,018 subsidized housing vouchers known as Section 8. They had already been distributed to people who were counting on them.
The housing authority said it had to pull the vouchers because Congress cut $58 million from its Section 8 budget last spring. There has also been less turnover in the program and more of a demand than expected.
The housing authority gives out about 100,000 vouchers per year. The average voucher is for $800 a month.