APR 4, 2023
New York City is one of the most expensive places to live in the world. For low-income families, finding affordable housing can be a daunting task. Fortunately, the city offers several housing voucher programs to help families pay for their housing expenses. In this blog post, we'll discuss 2 of the main housing voucher programs available in NYC and how they work.
The New York City Housing Authority (NYCHA) Section 8 Voucher Program provides rental assistance to low-income families, seniors, and people with disabilities who are living in NYCHA public housing or are on the NYCHA waitlist. The program pays a portion of the rent to the landlord on behalf of the tenant. The tenant is responsible for paying the remaining portion of the rent.
To be eligible for the program, the household income must be below 50% of the area median income. The amount of rental assistance provided is based on the household income, family size, and the rental market in the area.
CityFHEPS is a program that provides rental assistance to eligible families with children who are at risk of homelessness or have already become homeless. The program is a rent supplement for families with children who receive Cash Assistance and have been evicted or are facing eviction, who lost their housing due to a domestic violence situation, or who have lost their housing because of health or safety issues. The program covers security deposits, rental arrears, and ongoing rental assistance. The program pays a portion of the rent to the landlord on behalf of the tenant.
To be eligible for the program, the household income must be below 200% of the federal poverty level. The amount of rental assistance provided is based on the household income, family size, and the rental market in the area.
In conclusion, New York City offers several housing voucher programs to help families pay for their housing expenses. Each program has its own eligibility requirements and application process. If you are struggling to pay for your housing expenses, it is important to research each program to determine which one may be right for you.
This content is meant for informational purposes only and is not intended to be construed as financial, tax, legal, or insurance advice.