"This is both a huge victory, getting vouchers into people's hands for the first time is an incredible win. But the crisis means we need much more. With a housing voucher, households typically spend 30 percent of their income on rent and the government pays the landlord the rest."
"In a sign of just how expensive housing remains, a $32.5 million allocation for New York City will create between just 900 to 1,100 vouchers, HPD expects. After using 10 percent of the budget for program administration, each voucher will cost the city roughly $2,500 a month on average."
New York State's Housing Access Voucher Program (HAVP) began accepting applications, marking the culmination of years of advocacy efforts. The $50 million statewide program helps low-income households afford rent by having them pay 30 percent of their income while government covers the remainder to landlords. New York City's allocation of $32.5 million is expected to create between 900 to 1,100 vouchers, with each voucher costing approximately $2,500 monthly. Advocates and lawmakers celebrated the launch while simultaneously calling for Governor Hochul to increase funding to $250 million, emphasizing that current resources are insufficient to meet the housing crisis. The program is funded through 2030, with remaining budget distributed to other New York State jurisdictions.
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