NYCHA needs $32B over the next five years for repairs: study

The New York City Housing Authority needs $31.8 billion over the next five years to keep up with a laundry list of repairs. But there’s a $25 billion hole in the five-year plan that’s unaccounted for by any form of public subsidy. The figures come from a mandated study the city conducted in 2016 and 2017 to take stock of conditions at NYCHA’s 2,413 buildings across 325 complexes, Politico reported. To put the $31.8 billion […]

source https://therealdeal.com/2018/07/02/nycha-needs-32b-over-the-next-five-years-for-repairs-study/