Friday, April 18, 2014
Hope for the homeless
New York City is creating a new rental subsidy to help tackle its unprecedented homelessness crisis.
According to a draft of the proposal obtained by WNYC that the city sent to the Cuomo administration in March, the subsidy would be available to an estimated 1,400 to 2,800 families in which at least one member works full time, 35 hours a week. Currently 13,000 families live in the city’s shelters.
For a two-bedroom apartment that costs $1500 a month, a family could get a subsidy of $1,100. The total cost of the program could be as much as $115 million a year by the fifth year, according to the proposal. The city would have to negotiate with the state on how to split that cost.
The city said it’s still refining the proposal and refused to comment for this story. But advocates say they’re optimistic.