Infill on Track
The New York City Housing Authority, which controls the nation’s largest public housing complex, is moving ahead with its plan to lease underutilized real estate to developers. The “Infill” proposal will allow construction of market-rate and developer-subsidized housing, providing NYCHA with much-needed funds to help close its multibillion-dollar capital-budget shortfall. Infill is a necessary step toward restoring NYCHA to fiscal health; it will also help ease New York’s tight housing market.
The Facts You Need to Know
Repairs: NYCHA needs $19 billion for repairs to thousands of buildings. Read more.
2BR: Almost 23% of NYCHA apartments are under occupied. Read more.
Grocery: Allowing commercial development on NYCHA property would add needed amenities for residents and generate additional revenue for improvements. Read more.
“Will the building built in 1965 be as nice as the new building built in 2017? No! No. I’m being real. Will we keep making the building built in 1965 better with the new money we have? Yes.”
The Past is Present
“Private builders are constructing thousands of modest houses for lower-income families.”
And in other news...
“In the Bronx, which lost more residents to drug overdoses last year than any other New York City borough, the heroin epidemic has latched on to a vulnerable population.”