Mayor Eric Adams announced a historic advance payment of $5.4 billion to city-contracted nonprofit organizations for FY 2026 to enhance financial stability and strengthen relationships, especially with those providing essential services for vulnerable populations. This increase from the previous $2.6 billion aims to alleviate the strain on nonprofits that often face delays in payments while performing vital functions such as emergency housing and youth programming. Adams emphasized the importance of these organizations as the backbone of the city's social safety net and reiterated the administration's commitment to timely financial support and respect for their contributions.
The Adams administration is providing $5.4 billion in advance payments to nonprofit organizations for FY 2026, strengthening the relationship with vital partners serving vulnerable populations.
Nonprofit organizations are crucial to NYC's social safety net, providing essential services like emergency housing and youth programming, often while waiting for payments.
Increased funding from the city comes amid efforts to enhance financial stability for nonprofits, ensuring timely payments and respect for those dedicated to serving New Yorkers.
Every day, nonprofit providers feed families and care for youth and elders, serving as the backbone of the city's social safety net, yet waiting for payments too often.
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