India, Jan. 3 -- New York City is rolling out a new initiative that could put $1,200 a month into the hands of young people facing housing insecurity. The program, called Cash with Care, combines ongoing monthly payments and a one-time cash boost. It is aimed at helping participants stabilize their lives.

Officials say the program is designed to provide not just financial support, but also pathways to self-sufficiency and long-term stability.

While many have heard about the monthly stipend, questions remain about who is actually eligible to receive the funds and how the program will operate.

The program is open to young New Yorkers aged 18 to 24 who are experiencing housing insecurity. Only 60 participants will be selected for the init...