At a time when Wall Street is absolutely swimming in wealth, New York City is experiencing an epidemic of homelessness.
There are more than 22000 homeless children in New York, the highest number since the Great Depression.
For
decades, Republican and Democratic mayors kept family homelessness down
by giving homeless parents and their children priority access to
federal housing subsidies and rental vouchers.
But in 2004, as
part of the mayor's five-year plan to combat homelessness, the
administration knocked homeless families from the top of the massive
waiting list for federal rent subsidies.
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