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City Agrees to $300M Housing Boost | New York City News
Description
City officials strike a major housing compromise: $300 million over two years to expand rental vouchers, helping 30,000 New Yorkers avoid eviction and homelessness. The deal ends a tense budget standoff, includes a phased rollout starting in FY27, and ends the Mayor’s lawsuit over 2023 reforms — creating a focused, cost-controlled program managed by HPD. Seen as a win for vulnerable residents and a smarter, more humane approach to homelessness prevention.
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