NYC inks $1B no-bid shelter contract with hotels to house 86K immigrants and homeless - despite claims migrant crisis is easing | 19 June 2025 | The Adams administration has inked a nearly $1 billion no-bid contract with the hotel industry for emergency shelter space -- despite boasting that the migrant crisis is tapering off, The Post has learned. Taxpayers are on the hook for the $929.1 million reupped with the Hotel Association of New York City Foundation as the total city population still includes a whopping 86,000 people, including homeless individuals and asylum seekers. The reupped contract took effect in January and runs through June 30, 2026. It was awarded via "negotiated acquisition" -- meaning it was not put out for competitive bids. The move is a head-scratcher, said Nicole Gelinas, senior fellow at the Manhattan Institute. "This is turning an emergency program into a permanent program and taking a block of hotel rooms off the tourist market while people complain the city's hotel room costs are so high."