The new law will allow the state to cover 100% of market-rate rent — up from 85% — and is aimed at preventing people in New York City from becoming homeless and putting a permanent roof over the heads of people who are. The housing subsidies — known as Family Homelessness and Eviction Protection Supplement, or FHEPS, vouchers — are currently being given to approximately 12,400 state residents. Under the new law, eligibility will be expanded to cover at least 2,300 more and is being specifically targeted at the the Big Apple, where rents are high and widespread homelessness remains a stubborn reality.
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