From the Municipal Housing Authority of the City of Yonkers' press release:
Thanks to a new partnership between The Municipal Housing Authority for the City of Yonkers (MHACY) and Westhab, low-income residents in the City of Yonkers will benefit from a rental subsidy that will reduce their rents and provide housing stability, while also allowing Westhab to invest in its existing affordable housing stock.
MHACY is working to help residents in affordable buildings run by Westhab by awarding the organization Section 8 housing vouchers that will help subsidize rents for low-income residents in their buildings. MHACY administers the vouchers provided by the Department of Housing and Urban Development which help subsidize rental units in multifamily residential buildings for income-qualifying tenants.
"The goal is to preserve affordable housing for people who may be at risk of losing their homes because their incomes are too low to afford housing in our area,'' said Wilson Kimball, President and CEO of MHACY. "Our partnership with Westhab makes sense on so many levels: It helps support low-income residents as well as a nonprofit organization that does such valuable work in our community."