New York City's low-income tenants relying on CityFHEPS vouchers may soon face rent hikes as the Department of Social Services proposes a rule change requiring many to pay 40% of their income toward rent after five years of assistance. This initiative aims to curb the program's rising costs but raises concerns about increased homelessness risks. CityFHEPS is the largest city-funded housing voucher program, currently aiding over 52,000 households, but its financial sustainability is at stake. Other proposals include immediate rental assistance for pregnant women in shelters and grants for landlords who renovate units.
"It would be devastating for all of us if we didn't have CityFHEPS, which is why the city needs to run it in a way that is responsible and prioritizes this resource for the most at-risk New Yorkers."
"We have to ensure that the funding we provide for these programs is sustainable in the long term, as the rising costs threaten their availability for those who need it most."
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