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Homes for the Homeless

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Today, the de Blasio administration will unveil an $80 million rent-subsidy plan that's part of a larger initiative to combat homelessness in the city. The idea is to alleviate the strain on shelters, which are drastically over-taxed, by helping 801 families annually (who have been living in one for more than a year and meet other qualifications) move out to apartments. Half of the proposed funding would come from the state level, though, which means approval could take awhile and the program might not start as soon as everyone wants. [WSJ]