The trust allows NYCHA to access new streams of revenue to help fund the renovations of 25,000 apartments. On Thursday, June 16th, 2022, Governor Kathy Hochul signed legislation which created the New York City Public Housing Preservation Trust. The Trust will give the New York City Housing Authority (NYCHA) access to new streams of revenue and will allow for necessary repairs to 25,000 apartments in NYCHA developments. These repairs have been deferred due to a … <Read More>