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NYC Daily · Sunday, July 5, 2026

City Officials 18% Raise, Worst Landlord Forced Sale, Mamdani Budget…

By Farzad Khosravi · Sent Sunday, July 5, 2026

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DEEP DIVE

Mamdani Gets a Budget Deal With New Rental Voucher Funds

Mayor Zohran Mamdani and City Council Speaker Julie Menin agreed on a $125.8 billion budget that includes a $175 million expansion for rental assistance, ending a standoff over housing voucher funding. The deal was reached just before the final deadline and passed the Council 45-6. The administration also dropped its lawsuit opposing the city-funded CityFHEPS housing program expansion.

This budget agreement marks a significant policy shift after months of tense negotiations, with the city now dedicating resources to help more New Yorkers face eviction. The new rental program, championed by Councilmember Pierina Sanchez, will support those currently excluded from existing voucher eligibility, reflecting a larger push to address homelessness through rental aid rather than shelter expansion.

The stakes of this deal are immediate and personal for thousands at risk of losing their homes in a city still grappling with affordable housing scarcity. It signals collaboration between the Mayor’s office and the City Council for the first time in this fiscal cycle, potentially ushering in a new era of housing stability efforts as actual policy implementation begins in the coming months. (Katie Honan and Samantha Maldonado)

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