Calling the current system of rental assistance subsidies outdated and in need of being increased, a coalition of elected officials are pushing for what’s called Home Stability Support in order to prevent families from falling into homelessness.

The effort is being backed by range of city and state elected officials, including Public Advocate Letitia James and Assemblyman Andrew Hevesi.

The push is part of a broader goal of calling on Gov. Andrew Cuomo to include the boost in funding in the state budget.

“New York City is facing the worst housing crisis since the Great Depression, forcing thousands of hardworking people out of their homes,” James said in a statement.

“For too long, our government has employed a piecemeal approach to providing housing assistance, resulting in inefficient and inadequate support that leaves too many behind. I want to thank Assemblymember Hevesi for his leadership on Home Stability Support, which will create an all-encompassing plan to ensure that our taxpayer dollars are spent wisely and that our most vulnerable families can afford to stay in their homes.”

The coalition also picked up the endorsement of the Association of Legal Aid Attorneys – UAW Local 2325, a union that represents attorneys and legal advocates who provide pro bono services to families facing evictions.

While there is more spending involved, advocates point to cost savings.

It’s estimated home stability support would cost $11,224 a year for a three-person household in New York City. Shelters in New York City, meanwhile, $38,460 for a family with children.