NYCHA residents blast luxury development leasing plan

New York /
Jul.July 25, 2013 12:00 PM

Housing advocates and politicians have already spoken out against New York City’s plan to lease public land to private developers to build luxury housing. But, at an annual New York City Housing Authority public hearing yesterday, hundreds of residents were given a public forum in which they trashed the proposal, DNAinfo reported.

Public housing residents commented on the department’s 2014 priority plan draft, among other issues, at Pace University. NYCHA is looking to raise up to $50 million in annual revenue by allowing developers to take 99-year leases on eight developments and build at least 4,300 new apartments.

“NYCHA has in no way considered our point of view or collaborated with us on this plan,” Carmen Negron, a 43-year resident of the Baruch Houses in the Lower East Side, told the NYCHA board.

Residents are worried the plan brings public housing “one step closer to going private and [residents] being homeless,” Negron said. People complained they found out about the plan through media reports, rather than directly from the NYCHA, DNAinfo said.

“If NYCHA can recapture over $100 million annually — double the amount projected to be generated by the infill under the most optimistic of scenarios — this money can be reinvested in frontline repairs and critical upgrade,” City Council members Margaret Chin, Rosie Mendez and Melissa Mark-Viverito wrote in a joint statement at the hearing, as reported by DNAinfo.

Money generated under the arrangement, NYCHA has said previously, would go toward much-needed repairs on public housing stock. The city said the plan would ensure public housing remains a viable option for low-income New Yorkers, as reported last month. [DNAinfo]Mark Maurer


Related Articles

arrow_forward_ios
Disappearing starter homes
New York City’s incredible shrinking starter home market
New York City’s incredible shrinking starter home market
(Photo Illustration by Steven Dilakian for The Real Deal)
Luxury housing market took its biggest dive in 10 years
Luxury housing market took its biggest dive in 10 years
(Illustration by Priyanka Modi for the Real Deal with Getty)
Contract signings for NYC homes diminish, as do new listings
Contract signings for NYC homes diminish, as do new listings
(Photo Illustration by The Real Deal with Getty Images)
Mortgage rates jump, but so do applications
Mortgage rates jump, but so do applications
Gregory Russ and Mayor Eric Adams (Getty)
Adams ousts NYCHA chief after arsenic scare
Adams ousts NYCHA chief after arsenic scare
(Photo Illustration by Steven Dilakian for The Real Deal with Getty Images)
Flood-risk data shifted homebuyers’ searches, bids
Flood-risk data shifted homebuyers’ searches, bids
rent control, Europe, housing market
Swedish rent control pushes tenants into long waits, sketchy sublet market
Swedish rent control pushes tenants into long waits, sketchy sublet market
Compass' Adrianna Nava (Getty, Compass)
Hamptons listings gain, but inventory still scarce and sales brisk
Hamptons listings gain, but inventory still scarce and sales brisk
arrow_forward_ios

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

Loading...