Monday, July 2, 2018

NYCHA Needs $32 Billion Over the Next Five Years for Repairs



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.

Click here for the full article. 

Source: CURBED NEW YORK (via Empire Report New York) 

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