The New York City Housing Authority Announces Plans to Create Thousands of New, Affordable Housing Units

The New York City Housing Authority Announces Plans to Create Thousands of New, Affordable Housing Units

New York, NY – September 25, 2012 – (RealEstateRama) — New York City Housing Authority Chairman John B. Rhea today unveiled new initiatives that would bring hundreds of millions of dollars in revenue to the Housing Authority to help maintain and preserve public housing in New York City. At a breakfast sponsored by the Association for a Better New York, Chairman Rhea detailed a major plan to build new, private housing at NYCHA developments. The plan would create at least 1,000 permanently affordable housing units for low- and moderate-income families. The new developments would not displace any NYCHA residents and will bring millions of dollars each year to the Housing Authority that would go towards providing safe, secure and well-maintained housing for NYCHA residents at the sites and throughout the city

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The New York City Housing Authority (NYCHA) provides decent and affordable housing in a safe and secure living  environment for low and  moderate- income residents throughout the five boroughs.  To fulfill this mission, NYCHA must preserve its aging housing stock through timely maintenance and modernization of its developments.  NYCHA also administers a citywide Section 8 Leased Housing Program in rental apartments.  Simultaneously, we work to enhance the quality of life at NYCHA by offering our residents opportunities to participate in a multitude of community, educational and recreational programs, as well as job readiness and training initiatives.

Contact:

Phone: 212-306-3000

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