The housing authority is quietly selling off parking lots, green space and playgrounds to developers — a spree that will create more affordable housing and help ease NYCHA’s budget woes.
NYCHA has sold small parcels here and there over the years, but in 2011 began to ratchet up its sales effort, a Daily News review found. Since 2013, they’ve sold off 54 plots with 441,000 square feet of public land to private developers, records show.
Most of these parcels are related to 12 projects where NYCHA has sold vacant or what it deems “underutilized” land to developers to build affordable or senior housing. On some parcels, the housing is now up; on others it’s in the works.
Recently, tenants say, NYCHA officials have visited their developments in search of more potential land to sell, with plans for more “For Sale” signs later this year.
Agency officials wouldn’t discuss details, promising to lay out their plans in May when Chairwoman Shola Olatoye unveils her “Next Generation NYCHA” plan.