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Sets up a statewide rental subsidy program for low-income New Yorkers who are homeless, facing eviction, or at risk of losing their housing because of domestic violence or hazardous living conditions.
- Housing costs less than shelter and is unquantifiably better for the lives of residents, and the state as a whole.
- With $250 Million in funding for the first year, the legislation would create 20,320 vouchers, which would cap tenants’ rent burden at 30%.
- Undocumented people, people without income, and people with felony convictions would be eligible. None of these groups are currently eligible for local or federal rental assistance programs.