Grappling With Homeless Crisis, New York City Stands to Lose 15,000 Rental Vouchers in Federal Budget

With its homeless population already hovering at record levels, New York City would be poised to lose roughly 11 percent of its rental assistance vouchers under President Trump’s proposed fiscal 2019 budget.

The president’s recommended funding cut to the federal Section 8 program would translate into a loss of more than 14,000 rental assistance vouchers issued by the New York City Housing Authority and the Department of Housing Preservation and Development, which have a combined 125,000 vouchers in circulation across the five boroughs.