How Does New York City's Voucher System Work?
Photo Credit: dechevm - stock.adobe.com In many ways, the homelessness crisis in America is akin to a hydra: Cut off one avenue and two more pop up in its place. One way our city tries to turn the tide of homelessness is through its voucher program. This blog post will discuss how New York City’s voucher system works and whether it will ever meet the needs of those experiencing homelessness. What Is New York City’s Voucher System? Also known as Section 8, the Housing Choice Voucher program, created through the passage of the Housing and Community Development Act of 1978, provides eligible low- and middle-income families with rent subsidies to limit the percentage of their income spent on housing in the private market. A family’s gross annual income and size factor into their eligibility. A typical recipient will spend no more than 40 percent of their income on rent and the New York City Housing Authority (NYCHA) will cover the rest. To retain their Section 8 vou...