Thursday, 13 February 2020

NYCHA inks $1.5B deal to privatize management of 5,900 units

The New York City Housing Authority has reached a deal to bring thousands of Manhattan and Brooklyn apartments under private management and do $1.5 billion worth of work. Five development teams including L+M Development Partners, Hudson Companies and Settlement Housing Fund will take charge of management and repairs at seven housing complexes totaling 5,908 units, the Housing Authority announced Thursday after Crain’s reported the deal. The projects are East New York’s Linden Houses and Boulevard



source https://therealdeal.com/2020/02/13/nycha-inks-1-5b-deal-to-privatize-management-of-5900-units/

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