New York's state budget included $600 million to help the Buffalo Bills build a new stadium, but it didn't include funding lawmakers have long requested to provide subsidized housing for homeless New Yorkers and those at risk of falling into homelessness.
New York Gov. Kathy Hochul has not weighed in on whether she will support the creation of a $250 million state housing voucher program proposed for the state budget.New York Gov. Kathy Hochul has not weighed in on whether she will support the creation of a $250 million state housing voucher program proposed for the state budget.
Last week, as Hochul and state legislative leaders were in the final stages of budget negotiations, the governor’s representatives projected that the rental assistance program could cost $6 billion, according to Krueger and other lawmakers who were familiar with the private conversations. Supporters in the legislature, however, had only asked for $250 million.
“They were just inflating those costs to be much, much higher than anything that we'd ever modeled out, and I think that was done in pretty bad faith,” Loonam said. Under the plan, people who are eligible to receive vouchers would have spent no more than 30% of their income on housing. The state would have covered the remainder of the payments.
The legislation’s lead sponsor, Sen. Brian Kavanagh said the estimated $6 billion that Hochul and her team had projected was probably based on the presumption that the rental assistance program would expand to pay for everyone in the state who might be eligible for the subsidy. Even if the program were to expand in later years, which its supporters said they had hoped to do, their analysis showed it would cost about $1 billion to pay for every homeless household across the state that needs a voucher.
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