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New York City's shelter population is at a record high, largely fueled by the arrival of new migrants, while the number of people sleeping on the street reached a 15-year peak this year.
But the number of shelter beds set aside specifically for young people has remained stagnant for years, and homeless advocates say the city's main shelter system isn't set up to meet the needs of young adults.
Point Source Youth, a national organization trying to end youth homelessness, helped launch the cash transfer program in the city with two local nonprofits earlier this year.
The goal is to help 100 young adults between the ages of 18 and 24 avoid entering the shelter system by providing one-time payments ranging from $645 to $9,900 that they can use to pay overdue rent or find new living arrangements.
"It shows that young person, that they're trusted with the amount of money they need to solve the problem," says Larry Cohen, Point Source Youth's executive director and co-founder.
Cohen hopes the program can be scaled up across the city as one of the solutions to curbing rising homelessness rates.
The New York Community Trust, a prominent charitable group in the city, is helping fund advocacy efforts around the cash program, to help participants detail their experiences and help influence
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