Wednesday, July 16, 2025
New York CT
No Result
View All Result
  • Home
  • News
  • Health
  • Business
  • Politics
  • Opinion
  • Sports
  • Entertainment
  • Fashion
  • Tech
  • Home
  • News
  • Health
  • Business
  • Politics
  • Opinion
  • Sports
  • Entertainment
  • Fashion
  • Tech
No Result
View All Result
newyorkCT
No Result
View All Result
Home Opinion

Another step toward saving NYCHA

admin by admin
December 8, 2021
in Opinion
0
Another step toward saving NYCHA
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter



Hopes for town’s beleaguered public housing company brightened after Real Estate Weekly reported that Associated Cos. and NYCHA struck a deal to handle 2,054 residences in Manhattan, full $366 million in renovations and assemble a brand new 100-unit constructing on unused land.

As an alternative of demolishing the Fulton and Chelsea-Elliott Houses, the settlement requires a intestine rehab of the 18 buildings, additionally creating new group areas, well being facilities and backyard areas. Plus: Half the 700 models of future new development can be income-restricted reasonably priced housing.

To make the deal work, tenants agreed to position the initiatives into NYCHA’s Everlasting Affordability Dedication Collectively program. Metropolis financing and funds from the federal Rental Help Demonstration will cowl the $366 million value.

NYCHA Chairman Greg Russ is an fanatic for RAD, a significant departure from town’s conventional public-housing mannequin that shifts buildings to non-public administration whereas doing main repairs.

The deal is a particular “win” for the tenants at Fulton-Chelsea Homes and one other success for Russ as he strives to save lots of NYCHA, which faces at the very least $40 billion in wanted modernization work, with no cash to pay for it.

Let’s hope the following mayor will help Russ get the stalled NYCHA 2.0 plan again in movement to generate $2 billion by leasing underused land (e.g., parking heaps, lawns, and so forth.) to non-public builders to finance new affordable-housing models.

Extra privatization is the one sensible choice for saving and sustaining reasonably priced public housing for low-income people and households — and for ending NYCHA’s vast backlog of maintenance and ordinary repairs. The quicker, the higher for all involved.



Source link

Tags: NYCHAsavingstep
admin

admin

Related Posts

Biden’s energy chokehold lost us $150B of oil and gas
Opinion

Biden’s energy chokehold lost us $150B of oil and gas

June 5, 2024
Joe Biden making a cynical power play aimed at keeping son Hunter out of prison, him in the White House
Opinion

Joe Biden making a cynical power play aimed at keeping son Hunter out of prison, him in the White House

June 5, 2024
New York leads nation in protecting kids on social media
Opinion

New York leads nation in protecting kids on social media

June 4, 2024
Next Post
Wisconsin lawmakers want DA ousted over parade attacker’s ‘inappropriately low’ bail

Wisconsin lawmakers want DA ousted over parade attacker’s ‘inappropriately low’ bail

Major antitrust adversary in Congress has daughter on Google’s legal team

Major antitrust adversary in Congress has daughter on Google’s legal team

Mayor De Blasio ‘Grinch’ For Vaccine Mandate That May Keep Tourists With Young Children Away – CBS New York

Mayor De Blasio ‘Grinch’ For Vaccine Mandate That May Keep Tourists With Young Children Away – CBS New York

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

The left’s talk of ‘women’s rights’ exposes its gender hypocrisy

3 years ago
Kim Kardashian hires ex-Apple retail boss Angela Ahrendts for private equity firm

Kim Kardashian hires ex-Apple retail boss Angela Ahrendts for private equity firm

2 years ago
Moscow shopping mall fire leaves at least 1 dead

Moscow shopping mall fire leaves at least 1 dead

3 years ago
Biden takes jabs age, rivals at White House Correspondents’ Dinner but also strikes serious tone

Biden takes jabs age, rivals at White House Correspondents’ Dinner but also strikes serious tone

2 years ago

Categories

  • Business
  • Entertainment
  • Fashion
  • Health
  • News
  • Opinion
  • Politics
  • Sports
  • Tech

Topics

Adams Biden Bidens Big Bill cancer Case CBS CEO City Court COVID Day dead deal Elon game George Gov Health Hochul home House Joe Judge man Mayor Musk NYC Office Report school star State time trial Trump Twitter Ukraine Vaccine win workers Yankees years York
No Result
View All Result

Highlights

Docs warn against viral ‘freeze branding’ tattoo trend.

Here’s the nasty reason why you should never trust the plastic hygiene liners on bathing suits

Dermatologist’s counterintuitive tip to avoid ingrown hairs after shaving

Fashion designer Reem Acra wins $38.7 million years after fire

My nontoxic sunscreen’s ‘hero ingredient’ gets rid of white cast

Traumatized millennials sound the alarm on Gen Z’s #Y2KSkinny trend

Trending

This natural ingredient is ‘lowkey magic’ for your face
Fashion

This natural ingredient is ‘lowkey magic’ for your face

by admin
July 16, 2025
0

Right here’s the true bee’s knees. Skincare corporations might need you believing you want expensive serums...

How to combat ‘Ozempic mouth’ and ‘Ozempic teeth’: dentist

How to combat ‘Ozempic mouth’ and ‘Ozempic teeth’: dentist

July 15, 2025
Surgeon reveals creepy, often overlooked cause of dry eye

Surgeon reveals creepy, often overlooked cause of dry eye

July 15, 2025
Docs warn against viral ‘freeze branding’ tattoo trend.

Docs warn against viral ‘freeze branding’ tattoo trend.

July 14, 2025
Here’s the nasty reason why you should never trust the plastic hygiene liners on bathing suits

Here’s the nasty reason why you should never trust the plastic hygiene liners on bathing suits

July 13, 2025

© 2021 Newyork CT All Rights Reserved

No Result
View All Result
  • Home
  • News
  • Health
  • Business
  • Politics
  • Opinion
  • Sports
  • Entertainment
  • Fashion
  • Tech

© 2021 Newyork CT All Rights Reserved