Report finds that even more funding is needed for NYC homeless shelters next year

By Isabel Song Beer Posted on March 8, 2022

The Independent Budget Office (IBO) of New York City released a report Tuesday indicating that the city will need to go above and beyond Mayor Eric Adams planned increase in homeless shelter and rent subsidies funding to help the city’s homeless outreach programs.

The report released March 8 – which outlined that although the Adams administration added $99 million this fiscal year and another $83 million for next year to cover the cost of supporting homeless individuals – estimates that even more shelter funding will be needed in 2023.