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How NYC’s perverse housing ‘help’ makes the city’s poor worse off

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New York City’s new budget includes thousands of new rental-housing vouchers, billed as a means of helping low-income citizens remain in an increasingly unaffordable city.  

But this misguided compassion actually encourages poverty — by incentivizing low-income households to form in the first place, and to remain low-income for years on end.

That’s largely because, unlike cash welfare, Gotham’s housing handouts come with neither a work requirement nor a time limit.

Mayor Zohran Mamdani acceded to Council Speaker Julie Menin’s push to expand a city-funded housing voucher that pays 70% of rent for those eligible. 

The new $175 million program will subsidize some 8,000 households, per the mayor’s office.

Yet debate over the program’s cost ignores an inconvenient fact: The city already provides more housing vouchers than anywhere else in the US.

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The expanded voucher program was breathlessly deemed urgent by the supposedly moderate Menin. 

“Every New Yorker deserves a safe, affordable home,” she declared, “and this agreement will help more families avoid eviction and homelessness.”

But her........

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