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NYC Budget Deal Saves Rental Assistance | Real Estate News
New York City’s $125.8 billion budget is nearing approval after a fiery standoff over rental aid — now resolved with a major compromise. The Mayor drops a lawsuit demanding wider voucher access, in exchange for a revamped Housing Access Voucher Program aimed at helping evicted and homeless families. Council pushed for $300–500 million over two years; the deal delivers at least $300 million, targeting permanent housing — far cheaper than shelters. The CityFHEPS program, now worth over $1.8 billion (up from $26 million in 2019), supports 65,000 families. The new plan expands eligibility to…
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