State budget provision blocks rent-subsidy funding

TRD New York /
Jan.January 24, 2014 02:52 PM

A new budget released by Governor Andrew Cuomo on Tuesday blocks state reimbursements to rental-subsidy programs Mayor Bill de Blasio wants to implement to tackle New York City’s growing homelessness.

Despite the measure’s language, a spokesman for Gov. Cuomo told the Wall Street Journal that the governor is open to discussing the creation of a new rental subsidy program to replace the Advantage program, which was cut in 2011 and caused a surge in the city’s homeless shelter population.

The governor’s budget reflects no change from the language in past budgets, Mayor Cuomo’s spokesperson Matt Wing told the Journal, because the city has not submitted any new proposals for a rent-subsidy program. “We will be working with the new administration in the months ahead,” he said.

During Mayor Bloomberg’s tenure, the population in the city’s homeless shelters exploded by 71 percent to more than 53,000 people, the Journal reported — thanks largely to the loss of state funding for Advantage, New York City’s last rental-subsidy program, in 2011. After the state stopped chipping in, the city lost federal funding as well.

The kerfuffle is the second time the two leaders have butted heads this week. Another pet project of de Blasio’s, which would raise taxes on New Yorkers making more than $500,000 per year and use those funds to finance pre-kindergarten and after-school programs, was also shot down by Cuomo. [WSJ]Julie Strickland


Related Articles

arrow_forward_ios
Governor Andrew Cuomo and Senator James Skoufis (Credit: Getty Images, NY Senate)

Owners of some residential properties can’t hide behind
LLCs anymore

Governor Andrew Cuomo and 538 Johnson Avenue in Brooklyn (Credit: Google Maps and Getty Images)

Landlords take another hit: Cuomo signs expanded Loft Law

Governor Andrew Cuomo (Credit: Getty Images)

Cuomo wants to exempt NYC from prevailing wage bill

WeWork layoffs loom, de Blasio is skeptical of commercial rent control

WeWork layoffs loom, de Blasio is skeptical of commercial rent control

EB-5 sees investment boost, tensions flare between brokers and StreetEasy: Daily digest

EB-5 sees investment boost, tensions flare between brokers and StreetEasy: Daily digest

Granit Gjonbalaj (Credit: LinkedIn)

The purge continues: WeWork’s head of real estate is leaving

When Bill de Blasio announced the end of his campaign, the industry reacted largely with relief but not surprise (Credit: Getty Images and Pixabay)

De Blasio’s campaign is dead, and real estate is happy

Gary Barnett says luxury market is crowded, WeWork IPO woes continue: Daily Digest

Gary Barnett says luxury market is crowded, WeWork IPO woes continue: Daily Digest

arrow_forward_ios