Nycha Has a New Plan to Clean Up Rats, Mold and Lead Paint: Bring in Private Landlords [The New York Times]
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Source: The New York Times
Image The New York City Housing Authority’s Ocean Bay Apartments. Credit Credit Gabriella Angotti-Jones/The New York Times By Luis Ferré-Sadurní and Frank G. Runyeon Nov. 15, 2018 The New York City Housing Authority is considering a plan to hand over the day-to-day management of 62,000 apartments to developers who would renovate and make repairs to the units, effectively privatizing the operation of more than a third of the stock in the nation’s largest public housing system . The authority may also sell unused air rights and speed up a plan to allow developers to build market-rate apartment buildings on land it is underusing at its housing complexes, according to details of the plan obtained by The New York Times. These aggressive measures would preserve low rents through federal subsidies and are expected to generate at least $15 billion worth of urgently needed repairs . The plan comes as Mayor Bill de Blasio, who has made affordable hous
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