New York to give monthly cash payment to homeless young adults

Small number of participants to receive $1,250 a month for up to two years in effort to help them find stable housing

New York City is set to launch a pilot program aimed at combatting homelessness among young adults by giving them monthly cash payments.

The scheme, developed by Chapin Hall at the University of Chicago and financially supported by the city, will give $1,250 a month to 40 participants aged 18-25 for up to two years, with the aim of helping recipients find stable housing .