NYCHA’s Rhea defends luxury development plan to state lawmakers

New York /
Mar.March 18, 2013 03:00 PM

New York City Housing Authority Chairman John Rhea told state lawmakers that “every penny” of funds raised from the agency’s controversial plan to allow market-rate development on public housing land “will be used for capital improvements,” the Lo-Down reported.

Rhea was speaking to members of the New York State Assembly, including Linda Rosenthal, Keith Wright and Brian Kavanagh.

As previously reported, the agency aims to raise over $50 million annually by leasing public housing land to luxury developers, in an effort to raise funds for much-needed repairs.

During the meeting, Rhea sketched a timeline of the process, saying that requests for proposals will be released by the end of April and further details on the plan will go up on NYCHA’s website later this week.

“NYCHA is at risk,” Rhea said.

However, Assembly members criticized NYCHA for being uncommunicative about its plans. Not only has NYCHA failed to demonstrate sufficient “tenant engagement” for this plan, they said, but lawmakers and residents have also not received details on the proposal.

For his part, Rhea said that he has held public meetings at five of the eight affected developments — five of which are located on the Lower East Side. But Rosenthal, who represents Manhattan’s Upper West Side, said “collecting sign-in sheets does not mean there has been engagement.” [Lo-Down]Zachary Kussin


Related Articles

arrow_forward_ios
Mayor Eric Adams and Kramer Levin's Valerie Campbell (iStock, Getty Images, Kramer Levin)
Mayor outlines sweeping rezoning plan
Mayor outlines sweeping rezoning plan
NYCHA Chair Greg Russ (NYCHA, iStock)
NYCHA sent thousands of false Section 8 termination notices
NYCHA sent thousands of false Section 8 termination notices
Eric Adams, mayor of New York City (Getty Images, iStock)
Adams pledges extra $5B in affordable housing funds
Adams pledges extra $5B in affordable housing funds
Gov. Kathy Hochul and Eliot Spitzer (Getty)
Watch: Eliot Spitzer’s advice for Kathy Hochul
Watch: Eliot Spitzer’s advice for Kathy Hochul
(Nelligan White Architects, Emporis, LoopNet, iStock/Photo Illustration by Steven Dilakian for The Real Deal)
Affordable housing tops outer-borough loans with $1.4B for NYCHA upgrades
Affordable housing tops outer-borough loans with $1.4B for NYCHA upgrades
(Jim.henderson - via Wikimedia Commons, iStock/Photo Illustration by Steven Dilakian for The Real Deal)
NYCHA residents fear evictions amid record arrears
NYCHA residents fear evictions amid record arrears
NYCHA's Greg Russ along with the Jacob Riis Houses in East Village (left) and 117 West 90th Street on the Upper West Side (right) (Getty Images, LoopNet, iStock/Photo Illustration by Steven Dilakian for The Real Deal)
City investigating maintenance issues amid fires at NYCHA buildings
City investigating maintenance issues amid fires at NYCHA buildings
Gregory Russ, chair and chief executive officer of the New York City Housing Authority (NYC.gov NYCHA, iStock)
NYCHA fires 18 workers in overtime pay probe
NYCHA fires 18 workers in overtime pay probe
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...