The State of New York is unveiling a new program that will compensate landlords of single room occupancy units to  renovate their units and rent them out. The plan is to incentivize landlords to keep the units that they own in a livable condition and include them into the housing market in order to increase the supply of affordable housing in New York. The plan stems directly from the affordable housing crisis in New York where the demand for affordable accommodations has become a housing crisis. S.R.O.s are typically small apartments with a private room but shared kitchen, bathrooms and other amenities. They are more affordable than conventional apartments, making them attractive to people struggling with homelessness or those who have limited incomes.

https://www.nytimes.com/2023/12/12/nyregion/new-york-sro-apartments.html