New York’s CityFHEPS housing voucher program has grown into a fiscal albatross that is barely making a dent in keeping vulnerable low-income residents in their homes — and draining the city coffers of billions of dollars, according to a nonprofit’s report released Monday.
The Citizens Budget Commission (CBC) — a nonpartisan nonprofit that examines city and state public policy — says CityFHEPS is proving that City Hall cannot “voucher its way out” of the affordability crisis gripping the city and that another more effective solution must be found.
