Rent Assistance for Young Adults (RAP) has been around since the 1970s.
It has been a key pillar of the state’s rent subsidy system since 1991, when New York was still a part of the federal Housing Act.
The program has been expanded in the last decade, and it provides assistance to about 10 million renters.
For the past 10 years, the state has provided rental assistance to more than 2 million households with incomes of up to $75,000.
Since 2009, about 5 percent of all rent assistance payments have gone to families of two, up from 3 percent in the early 1990s.
In the latest RAP report, the New York Housing Department reported that households earning up to 80 percent of the median household income were eligible for rental assistance payments from the program, which is now at $1,050 per month.
For families of four and five, the subsidy amount was $2,050.
RAP’s eligibility for New York City residents is limited to those earning up at least $75 a month and to people who have lived in the city for at least five years.
For more than 1.6 million households, the average income for rent assistance was $45,000 in 2015, down from $55,000 two years earlier.
But it is not the only state-funded program.
Other programs, such as rent subsidies for low-income tenants, are part of state government-run budgets.
In 2016, the federal government provided $7.9 billion to support rent assistance for households earning less than 80 percent, and the state government provided a $3.5 billion grant in 2019.
The state also has a portion of its rent subsidy that it pays to the city, and that money is used to help pay for programs like affordable housing.
The city of New York also is one of the largest recipients of rent subsidies in the country.
For example, in 2018, New York paid $4.5 million to support the New Urban Housing Initiative, which aims to create 1,000 affordable rental housing units in New Urban and Bronx communities over the next decade.
In 2020, the city paid $1.4 million to the federal housing department to support a program called the Rent Assistance Provisional Program, which provides rent subsidies to low- and moderate-income families with a median income of up $70,000 a year.
These subsidies are paid out in installments of $500 per month for families that earn up to and including $75 per month, and are intended to offset the cost of rent.
For renters who earn more than $75 but less than $1 million, the program offers a maximum of $3,500 a month.
These payments are intended as a temporary aid to help lower-income renters afford rent in a rental market where rent and other housing costs are rising rapidly.
“This is a huge source of funding for New Yorkers who are struggling,” said Peter Bittner, a senior fellow at the Urban Institute who studies the rise in homelessness in the United States.
New York and other states have also set up their own programs to provide rent assistance.
In 2015, the Federal Housing Finance Agency announced that it would provide $8.9 million in federal grants to support up to 6,000 rent assistance units in cities, towns, and suburbs across the country, including New York.
In addition, the U.S. Department of Housing and Urban Development (HUD) is providing $3 million in rental assistance through a state program called Housing New York, which will be expanded into several cities this year.
The federal government is also providing $7 million in support to communities that have established or are working on affordable rental units.
But the federal program, called HOME, is only available to low and moderate income households and the states have set their own goals and criteria for the programs.
For low- to moderate- income households, about 70 percent of them earn up at or below the federal poverty line.
The programs, which are funded by various government programs, are aimed at those with incomes up to about $42,500, the HUD said.
But for those with income over that level, HUD estimates that up to 70 percent would be eligible for a federal rent subsidy, and another 30 percent would qualify for a state rent subsidy.
HUD officials say that it’s important to understand how the federal programs work and the costs they will impose on the states.
For New York residents, a $50,000 income qualifies for a rent subsidy of $250 a month, the report states.
If a person earns between $100,000 and $150,000, a federal subsidy of up for two years of rent assistance would cost $2.4 billion, according to HUD.
For a New York state household with two children under the age of 18, the cost would be $2 million, and for a New Jersey household with three children, the $3 billion price tag would be passed on to the state.
For those with a