Settlement goals, funding commitments, and estimated impact
Sanchez details the legislation's goals of preserving 2023 FEPS reforms, with $175 million in FY27 and $125 million baseline annually, projected to serve approximately 9,600 families with housing stability they have awaited for years.
today's settlement, the FY27 budget, and this piece of legislation together represent a historic agreement that ensures New Yorkers facing homelessness will finally benefit from a significant expansion in New York City housing vouchers.
The legislation brought forward today preserves the key goals of the 2023 City for Heps reform laws to keep New Yorkers facing evictions in their homes and to remove arbitrary eligibility barriers for New Yorkers living in shelters.
With concrete funding commitment as well of $175 million in fiscal year 27 and $125 million baseline starting next year.
This legislation will provide tens of thousands of New Yorkers, approximately 9,600 families, the stability and relief that they have been waiting on for years.