Mayor Zohran Mamdani and the City Council reached a $300 million agreement Tuesday to expand housing voucher access, resolving a days-long budget standoff over rental assistance and setting up the end of a legal fight over the Council’s 2023 CityFHEPS reform laws.
The deal, announced as part of Mamdani and Speaker Julie Menin’s budget handshake on deadline day, June 30, commits $175 million in Fiscal Year 2027 and baselines another $125 million starting in Fiscal Year 2028 for a new rental assistance program that Council officials said could potentially reach 30,000 additional New Yorkers facing eviction or homelessness.
