Additional Funds Allotted For Section 8 Housing
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Tens of thousands of poor New Yorkers could soon get help from the city to pay their rent, Mayor Bloomberg announced yesterday.
The city has lobbied Washington successfully for part of an additional $100 million in financing to add names to a list closed in 1994 because of a lack of new money, he said.
The funds for the additional 22,000 vouchers announced yesterday mean the list can reopen and accept new applicants for the first time in more than 12 years under a federal subsidy program known as Section 8.
Under the program, recipients pay 30% of their income toward rent, and the government supplements the rest based on a federal assessment of a unit’s fair-market value.
While qualifications can vary, a person earning less than $24,800 and a family of four earning less than $35,000 can apply for the program.
The city already has about 127,000 names on its old waiting list.
