BROOKLYN — The Brooklyn borough president says the city’s rent assistance program is helping people save money, while encouraging new homebuyers to buy.

The Brooklyn Housing Authority said Wednesday it’s offering a $10,000 subsidy to low-income families in the borough who rent or own a car, while offering other affordable housing options for low- and moderate-income renters.

The authority said the subsidy would apply to rent-stabilized apartments and affordable housing units.

It is not currently available to renters, but the authority has previously said it would soon be.

Rent assistance has long been a contentious issue for Brooklynites who have long complained about their city’s unaffordable housing costs.

The administration says its program is focused on making the city more affordable, not creating a private housing industry.