"CityFHEPS costs have grown to 68 times the $25 million initially earmarked for the program six years ago. In the same period, average rents grew 30% citywide."
"Homelessness and housing advocates lambasted Mayor Zohran Mamdani last week for the decision, noting that he broke a campaign promise in choosing to fight the program's expansion."
"Advocates say that CityFHEPS works; it is currently keeping up to 70,000 families in New York City in their homes and off the streets."
CityFHEPS, launched in 2019 with a $25 million budget, has ballooned to an expected cost of $1.7 billion in the current fiscal year. This represents a staggering increase of 68 times the initial budget. Average rents in NYC have risen by 30% during this period. Mayor Mamdani's decision to fight a lawsuit for program expansion has drawn criticism from advocates, who argue that the program effectively supports 70,000 families. Balancing the budget has led to a conflict between financial responsibility and campaign promises.
Read at www.amny.com
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