Homeless Shelters Could Cost New York City Nearly $1 Billion This Year

Ian G., left, and Anthony Rainey, center—along with a man who declined to be identified—discuss the pope's visit to New York City. (PHOTO CREDIT: Victoria Bekiempis/Newsweek)
Ian G., left, and Anthony Rainey, center—along with a man who declined to be identified—discuss the pope’s visit to New York City. (PHOTO CREDIT: Victoria Bekiempis/Newsweek)

Homeless shelters could cost New York City nearly $1 billion in 2015, according to a new analysis.

Officials estimate that the growing number of families and single adults in the shelter system will require the city to spend $976 million in 2015, up from $604 million eight years ago. That’s a 62 percent increase, the city’s Independent Budget Office (IBO) said in data released Thursday. The IBO analyzed Department of Homeless Services-funded shelters.

While lawmakers and activists are concerned that the city allocates so much funding to shelters instead of permanent housing, money from Albany and the federal government—which makes up a “substantial” portion of the funding—”cannot simply be redirected” to other uses, the report said.

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SOURCE: Newsweek, Victoria Bekiempis