New York City to Consolidate Housing Subsidy Programs
The New York Times| July 18, 2018
New York City is consolidating its system of rental subsidies.
Under the new program, called City Fighting Homelessness & Eviction Prevention Supplement, vouchers will not longer expire after five years.
Those tenants, who pay 30 percent of their income toward rent while the city pays the rest, would have had to pay their whole rent in 2019. “There’s a real problem with that structure,” said Christine C. Quinn, CEO of Win, one of the city’s largest nonprofit providers of homeless services and shelter. “Whose salary goes up 70 percent in five years?”