Categories: New York City
01.17.2025
On January 16th, Mayor Adams released the FY26 Preliminary Budget, which totals $114.5 billion, marking a $2 billion increase from the FY25 adopted budget. The Mayor highlighted the closure of a $5.5 billion budget gap and announced a $2.3 billion surplus carried forward from FY25 into FY26, alongside increased tax revenues of $3 billion projected across FY25 and FY26.
The Mayor announced $64.2 million dollars to for supportive housing. While touted as new funding, these funds have been allocated to the Department of Health and Mental Hygiene (DOHMH) to support the existing efforts to increase pre- NYC 15/15 supportive housing contracts – an initiative that had already been underway – as well as new NYC 15/15 service awards under the existing framework of the program.
Notably, funding for staff at the Housing and Preservation Department (HPD) working on supportive housing development has been increased to $779,000, up from $133,000, which seems to support 11 full time staff by the end of FY 26. The Network has long advocated for higher staffing levels at HPD and is pleased to see progress in this area.
The Mayor also announced $137 for homeless services, including:
- Adding 900 safe haven beds
- Launching “Bridge to Home” pilot that provides homeless New Yorkers with severe mental illness with psychiatric and substance use treatment and temporary housing
- Adding 100 additional Runaway and Homeless Youth (RHY) shelter beds- bringing the total number of RHY beds to 913
- Launching pilot program for parents to prevent homelessness at birth
NYC 15/15 Reallocation
There were no updates to the budget that would indicate the City is currently planning to reallocate funding for unawarded NYC 15/15 scattered site units to additional congregate and preservation.
The Network is reviewing the various budget documents and will share more details as they become available.