NYCHA seeks to raise revenue for capital repairs by selling transferrable development rights on NYCHA properties. On March 5, 2020, the New York City Housing Authority (NYCHA) announced the finalization of an agreement to transfer approximately 9,000 square feet of development and parking rights at the Hobbs Court development, located at 315 E 102nd Street in East Harlem, Manhattan.
Search Results for: Development Rights
NYCHA Announces $261 Million in Completed Renovations for Three Developments in the Bronx
The private and non-profit partnership allows for more funding while maintaining resident public housing rights. On February 17, 2021, the New York City Housing Authority (NYCHA) announced the completion of upgrades in three NYCHA developments across the Bronx. The upgrades at the Baychester, Murphy, and Betances Houses impact 54 buildings and 1,810 units and are the home to an estimated 4,300 people. The renovations cost $261 million.
Mayor Eric Adams Releases Blueprint for Housing and Homelessness
Mayor Adams Addresses the Issue of Affordable Housing and Works Towards Building More Affordable Housing. On June 14, 2022, Mayor Eric Adams released Housing Our Neighbors: A Blueprint for Housing and Homelessness, his administration’s plan to address New York City’s affordable housing crisis. The Blueprint discusses making the City a welcoming and homely place where people can stay and grow together as a family by creating housing that is available and affordable for people … <Read More>
Mayor Announces NYCHA 2.0 Plan to Renovate and Preserve Public Housing
The plan will be divided into three programs to address the $24 billion in capital need for repairs and renovations. On December 12, 2018, Mayor Bill de Blasio announced a comprehensive plan named NYCHA 2.0 to renovate and preserve NYCHA housing, aimed to resolving $24 billion in vital repairs. NYCHA 2.0 is a ten-year plan that will deliver renovations for 175,000 residents, fund essential capital repairs across the rest of NYCHA’s portfolio, and launch new … <Read More>
U.S.A. v. NYCHA: Judge Pauley Rejects the Proposed Consent Decree
The New York City Housing Authority’s efforts to settle with the U. S. Attorney over NYCHA’s mismanagement of public housing came to an abrupt end on November 14, 2018 when U.S. District Court Judge William H. Pauley III rejected the proposed consent decree. The U.S. Attorney had charged NYCHA in a civil complaint with fraud, deception and filing false lead inspection reports. The complaint also charged NYCHA with systematically tolerating dangerous and unhealthy contamination of … <Read More>
Mayor Announces Repairs To 62,000 NYCHA Apartments
The repairs will be made possible through public-private partnerships. On November 18, 2018, Mayor de Blasio announced that NYCHA has committed to $13 billion in repairs to 62,000 of its units. The renovations include new kitchens and bathrooms, replacement of windows, elevators, boilers, and roofs, and improvements to common areas. The repairs will affect approximately 140,000 residents, who will “retain all their rights as public housing residents, pay rent limited to 30 percent of their … <Read More>