NYC Wants to Pay Landlords in Rich Areas to Take Rent Vouchers
Eric Adams
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
New York City is betting that a slate of changes to housing policy announced Monday will help struggling New Yorkers afford rent in one of the most expensive cities in the world.
Mayor Eric Adams said the city would aim to expand eligibility and use of a rental-assistance program known as the City Family Homelessness and Eviction Prevention Supplement, including by paying landlords in expensive neighborhoods who rent to voucher-holders a bonus of about one month’s rent.