Monday, March 30, 2015

NYCHA selling off its open space to developers

From the Daily News:

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.

9 comments:

Anonymous said...

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JOKES ON YOU SUCKER
SECTION 8
FOOD stamps
Free utilities
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Free immagration attorney
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VOTE ANY DEMACRAT IN 2016 WHY ?
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Anonymous said...

I am selling my vote to Who ever gives me the most free stuff!!!!
Through in a car and I'll vote for you 10 times every election.

Anonymous said...

Who the hell wants to live next to a project??

Anonymous said...

I always said they'd never build projects for the low income class with all that open space today. Cram in all the concrete you can. Then convert it to luxury housing.

G.M.N said...

In the next 15 years they will phase a lot of poor, troublesome, non-working, unproductive types of people out of public housing.

Anonymous said...

They are the dependency-class. Even if they have small incomes, they receive cash, subsidies, and many other services that the tax-payer class (i.e. the suckers) must pay.

ron s said...

Ironically, the original thought behind public housing was to remove unsightly "slums" and place low income people in high-rise buildings with grass, playgrounds, benches etc. Although the plan turned out to be flawed, those few amenities were meant for the people who live there. Now that some real estate slug can make a profit by using the space, suddenly we don't need the space for the residents anymore.

Anonymous said...

Less ans less green space in this "Crappy" city every day.

Anonymous said...

Naturally...any underutilized land is for sale to build higher density. Any scrap of NYC real estate is worth a fortune.