Public housing is about to get a big boost from the federal government.
The New York City Housing Authority is set to announce $210 million in private funding, and another $65 to $75 million in annual federal funding.
The money will go toward renovating and maintaining more than 20,000 public housing units in 21 complexes.
As part of the deal, the 21 developments are being sold into a public-private partnership with Citigroup, reports say.
NYCHAS, which will still manage the developments, says the partnership was the only way to obtain the financing, and officials say they will remain low-income housing.
Critics say the move could be the first step toward privatization of the complexes.