Income Savings Plan Program

Proposed Rules: Closed to Comments (View Public Comments Received:4)

Comment By: 
Tuesday, September 24, 2019

Section 352.35 of Title 18 of the New York Codes, Rules and Regulation, authorizes the New York City Department of Homeless Services (“DHS”) to make this proposed rule.

Following amendments to New York Social Services Law § 36-c, DHS proposes this rule for the Income Savings Plan Program, or “ISP” Program, whose purpose is to help clients exit DHS shelters by budgeting for and developing savings to facilitate their transition to permanent housing upon shelter exit. Under the ISP Program, certain households with earned income will be required to deposit a portion of their earned income (generally 30%) to a savings account. Deposited funds will be held by the New York City Department of Social Services and will be made available to program participants upon their exit from shelter.

The ISP Program will be implemented in phases for multiple populations. This rule establishes the first phase of this program, which will apply to employed residents of DHS shelters for single adults whose earned income makes them ineligible for Cash Assistance. DHS will amend the rule as it rolls out the program to additional populations with earned income, including families with children. Participation in the ISP Program plan will be a shelter program eligibility requirement pursuant to State regulation 18 NYCRR § 352.35(f) and will be subject to the application of the temporary discontinuance of shelter requirements of State regulation 18 NYCRR § 352.35, with a provision to immediately cure a violation.

Public Hearing

DHS Proposed Rule - Income Savings Plan Program

Public Hearing Date: 
Tuesday, September 24, 2019 -
2:00pm to 4:00pm

Kathleen Lee, or 929-221-6690

2nd Floor Auditorium
125 Worth Street Enter at Lafayette Street
New York, NY 10013