Fixing NYCHA-Land: Public Housing Is Still Ailing, But At Least the Buildings Are Getting Some Repairs
The New York City Housing Authority’s remains beset by financial difficulties—the federal sequestration left it with a $205 million budget shortfall this year—a major gouge after more than a decade of cuts (the federal government has slashed some $2 billion in funding since 2001)—and its largely mid-century housing stock is ailing, in needs of billions of dollars of work. But at least many of its buildings are getting some long-awaited repairs.
On September 1, the Authority announced that the repair backlog had dropped to 189,805, down from 422,639 on January 1 of this year—the Housing Authority has made the repairs a priority, refusing to cut staff for the program even as they had to be laid off elsewhere. And yesterday the city announced that a capital project bond issuance has generated $732 million for major renovation work. Read More