New York City Proposes Requiring Homeless Shelter Residents to Save 30% of Income

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New York City Proposes Requiring Homeless Shelter Residents to Save 30% of Income
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New York City offers a free stay in its homeless shelters, but a newly proposed rule would require residents to save a share of their monthly income to use the housing

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The rule would mandate that residents deposit 30% of their earned income into a savings account that the city’s Department of Social Services would manage. Shelters residents would have access to the funds when they move into permanent housing.

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