The heads of the New York City Housing Authority today told the City Council that Mayor Bill de Blasio’s “NextGeneration” plan to revitalize public housing’s strapped finances may involve selling several valuable lots to developers.
NYCHA General Manager Michael Kelly and Vice President for Development Bill Crawley testified that the “land lease” portion of the plan, intended to monetize vacant tracts of authority property by opening them up for low- and mixed-income development, may involve outright sale of at least two to four as-yet unspecified parcels. Their comments were in response to requests from Bronx Councilman Ritchie Torres, chairman of the Committee on Public Housing, for assurances that the housing authority leaders would not sell property—which former Mayor Michael Bloomberg had proposed as a fix for NYCHA’s ballooning operating deficits and $17 billion backlog in repairs.
3 comments:
You cant have a building comprised of haves and have nots.or predators and victims. Knock those crappy buildings down and replace with no more than a 10 story building in its place.
de Blasio's sub rosa efforts to undermine The Projects while hoodwinking the masses in public to believe he's a true lefty who's going to bring them "affordable housing" has the potential to be his greatest accomplishment if he can pull it off. Living in NYC is not a civil right! Hope this eventually clears the way for the city to displace non-productive people with productive ones. Even the commentary in NYTimes articles on this issue have shown that the public is sick and tired of the entitlement crowd: "they're gonna build over my parking lot! They're taking away our views! They're pushing us out, and with it, the city's vibrant diversity!"
The days of the free ride on the backs of the masses paying market rate are numbered, folks, and I gotta give duh-Blazio credit for this one!
RIght and left agree rent subsidies are better than rent control.
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