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Q&A
Detailed breakdown of CityFHEPS funding and future projections
2:18:39
ยท
3 min
Council Member Ayala requests specific details on CityFHEPS funding allocations and expenditures. DSS officials provide a breakdown of current spending and discuss future funding projections.
- $753.9 million spent on rental assistance programs in FY '25 through January 31
- $931 million spent in FY '24 across all rental assistance programs
- $681.4 million spent on city-funded programs in FY '25 through January 31
- $833.7 million spent on city-funded programs in FY '24
- CityFHEPS budgeted at $1.8 billion in FY '25, dropping to $540.2 million in out years
- DSS coordinating with OMB on future funding allocations
Diana Ayala
2:18:39
Can you provide a breakdown of how much is added by program?
Molly Wasow Park
2:18:43
It was all for city.
Diana Ayala
2:18:44
It was all for city fabs?
Molly Wasow Park
2:18:46
At this point, virtually all of our precursor rental assistance programs have been consolidated into CitiFebs.
2:18:54
Know, FEPs is a largely state funded program, and the remaining portion is funded out of, I believe, our cash assistance budget.
Diana Ayala
2:19:03
Okay.
2:19:05
Is this additional funding an estimate of the need to demand for the whole year?
Molly Wasow Park
2:19:11
Yes, correct.
Diana Ayala
2:19:12
Yes.
2:19:12
How much has been spent to date in fiscal year twenty five in rental assistance?
2:19:17
And how much was spent on '24?
Molly Wasow Park
2:19:20
Let me pull that up.
2:19:22
Sorry.
Jeremiah Gonzalez
2:19:25
Yeah,
Richard Johns
2:19:27
I can take that question.
2:19:29
So for FY '25 to date, this is through January 31, we spent $753,900,000 In fiscal year twenty four, we spent $931,000,000 and that's across all of our rental assistance programs.
Diana Ayala
2:19:48
Do you know how what portion of each of those numbers specifically relates to the city FAPS program?
Richard Johns
2:19:56
Yeah.
2:19:57
I can give you those as well.
2:19:58
So for the city programs or really the city funded programs, we spent six Yeah, in FY '25 through again January 31, we spent $681,400,000 And in FY '24, we spent for our, city funded programs $833,700,000.
Diana Ayala
2:20:25
City FEPHS is now budgeted at $1800000000.080000000.00 in fiscal year twenty five, but in the out years, the funding drops by 52% to 540,200,000.0.
2:20:36
With the imminent risk of New Yorkers losing section eight vouchers due to the changes at the federal level, there could be a higher demand and need for city febs than what we have seen in the past years.
2:20:46
The current level of need and the potential for increased demand are not reflected in the budgeted amount for the out years.
2:20:52
When will the additional funding be added to fiscal years twenty six and beyond and how much and will it be baselined?
Molly Wasow Park
2:21:00
We're coordinating closely with OMB on that.
2:21:03
As I noted, because CityFepps is a function both of participation and fair market rent and rent guidelines board and income trends.
2:21:14
Is very unpredictable and so we coordinate on an annual basis with OMB.
Diana Ayala
2:21:22
Okay.
2:21:23
I think you mentioned that the $323,000,000 was Office 355, so I think that was $3.00 $8,000,000 You can look at it.
Molly Wasow Park
2:21:38
Oh yeah.
2:21:38
We'll confirm and circle back.
2:21:40
Okay.