By
A new investigation
by Politico has revealed that the New York City Housing Authority needs
nearly $32 billion over the next five years to carry out repairs and
renovations on its buildings throughout the city. That’s even higher
than a Wall Street Journal investigation had revealed in March this year.
Politico’s findings are based on studies conducted by the
city in 2016 and 2017, which it hadn’t yet made public. However
Politico’s discovery of some of these findings last week prompted the
city to confirm them, and the city is planning to release these findings
later today.
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