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NYC Homeless In Shelters Will Be Required To Save Part Of Their Income For Permanent Housing |
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Status: Available Now!
Type: News
Date: Friday 23 August 2019, 12:00 AM
Media: Curbed
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About the organization Curbed:
Type: Business
Sub-Types: Website, Blogging, News, Online News, Telecommunication, Telecommunication Software, Application Software, Real-Estate, Property |
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| This week, the state changed a rule that will affect how homeless New Yorkers are able to transition into permanent housing.
Following state law, the city will now require individuals sleeping in homeless shelters to save about 30 percent of their income for future permanent housing, the New York Daily News first reported. The funds will be placed in a savings account maintained by the city and can be accessed, with interest, once individuals find permanent housing or are transitioning out of a shelter.
Municipalities are required to charge homeless individuals for rent to stay in shelters under New York state law—except for New York City, which became exempt from that law in 2010. The problem is that the city’s exemption was done “in a way in which really important tools were not provided to help people get back on their feet,” Steven Banks, commissioner of the city’s Department of Social Services, told the Daily News.
The requirement for savings was included in the 2018 state budget in a deal to continue with the city’s exemption. |
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