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Will NYC announce a new initiative to convert non-hotel properties into migrant shelters by the end of 2024?
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Resolution / Starting Odds
Yes, more than 10 properties • 25%
Yes, 5 to 10 properties • 25%
Yes, less than 5 properties • 25%
No new initiative • 25%
Official NYC government announcements, press releases
Story
NYC Hotels to Receive Over $1 Billion for Migrant Shelters, $4820 per Month per Room
Jul 8, 2024, 10:00 AM
New York City hotels that have been converted into shelters for migrants are set to receive over $1 billion in taxpayer funds, according to internal documents. The annual expenditure on migrant hotel lodging is approximately $1 billion, which equates to $178 revenue per available room, comparable to the midrange for the Manhattan pre-COVID hotel industry. Reports indicate that this arrangement results in $352 per household per day. Additionally, the cost per room is $4820 per month. This substantial financial commitment is part of the broader costs associated with the current border crisis.
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Less than 10 • 25%
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Cash assistance program • 25%
Housing support program • 25%
Job placement program • 25%
No alternative program • 25%
Mayor of New York City • 25%
Manhattan District Attorney • 25%
New York City Council • 25%
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