New York City Plans $3 Billion Homelessness Effort

New York City, in what will mark the single biggest investment of the de Blasio administration to fight homelessness, plans to create 15,000 additional units of housing that will be paired with social-service support, an initiative estimated to cost about $3 billion.

The move comes as months of talks between Gov. Andrew Cuomo and the city on a joint program have failed to come to fruition. Mayor Bill de Blasio was set to announce his initiative Wednesday morning.