Thursday, May 21, 2015

de Blasio's grand NYCHA plan

From the Queens Courier:

Mayor Bill de Blasio announced a plan Tuesday to help revitalize public housing and fix financial problems of the New York City Housing Authority (NYCHA) by using the housing complexes more efficiently and reducing expenses.

The plan, NextGeneration NYCHA, involves various initiatives targeted to save the reeling city agency, which has only “one month remaining of surplus cash on hand and after that will go into deficit,” de Blasio said.

This includes leasing land in public housing complexes to developers to build more units, half of which must be used for affordable housing for families earning no more than 60 percent of the area’s median income, or about $46,600 annually for a family of three.

Also, 10,000 completely affordable units will be created in complexes in Brooklyn and the Bronx on underutilized, street-facing lots currently used for parking, trash or storage sites. These programs will cross over with de Blasio’s goal of creating 80,000 affordable housing units in 10 years.


Anonymous said...

The agency's that failed are getting bailed out,public land sold to developers to finance it, tax's pick up the rest
"HANDS UP DON'T LOOT" in your fase criminal political corruption and their ain't a DAM THING YOU CAN DO TO STOP IT,

Anonymous said...


LibertyBoyNYC said...

They are just scrambling to hang on to poor people at this point, or to impoverish the remainder.

Middle Villager said...

Selling off scraps of land will bring in a onetime payment of a few million. Suspending 30 million payment that NYCHA gives to the City each year will be missing income from the City's coffers which means more taxes in the future. Bad idea, bad plan, bad Mayor. This is the beginning of the privatization of the projects and who will be getting the contracts to run them? I smell sweetheart deals.

Anonymous said...

Mayors going to raise taxes to pay for all his freebies

Anonymous said...

Give him (partial) credit if he prefers subsidized housing to the arson-inducing rent control of the 1970s.