Owners will no longer get a month’s rent as CityFHEPS applications process
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- New York City’s Department of Social Services is ending the “unit hold incentive,” which provided landlords with a month’s rent while CityFHEPS applications were processed.
- Landlords and voucher holders fear this change will discourage landlords from renting to those in the CityFHEPS program, which assists individuals exiting the shelter system.
- The City Council is also addressing the escalating costs of CityFHEPS and Mayor Eric Adams is proposing to increase rent contributions for those in the program for five or more years.
The hits keep coming for a key housing voucher program.
New York City’s Department of Social Services is set to end CityFHEPS, an incentive that encouraged landlords to rent to voucher holders in the program, City Limits reported.
The so-called “unit hold incentive” ensured landlords would receive a month of rent if they held a unit for an application being processed. Landlords and voucher holders alike fear the change will drive more landlords away from renting to those in the program, which is often used by those coming out of the shelter system…