Massive BNP settlement will boost NYC public housing security

Part of New York's share of $8.8B payout to go for surveillance cameras, locks and lighting

Dec.December 16, 2014 04:30 PM

New York City’s public housing developments will get $101 million in security upgrades as a result of a massive legal settlement earlier this year between U.S. officials and France’s largest bank BNP Paribas.

New York was awarded $440 million of the $8.8 billion total that BNP Paribas agreed to pay to federal and state governments after pleading guilty to violating U.S. anti-terrorism sanctions. The bank admitted to handling transactions with Sudanese, Cuban, and Iranian clients.

Mayor Bill de Blasio and District Attorney Cyrus Vance Jr. announced the spending plan today, saying that $89 million will go to physical improvements and $12 million will go towards audits and surveys to develop crime-fighting strategies.

The $89 million will pay for a number of infrastructure upgrades, including the installation of surveillance cameras, exterior lighting and new doors and locks, Bloomberg News reported. [Bloomberg News] — Tess Hofmann

Related Articles

Mayor Bill de Blasio and City Council Speaker Corey Johnson with an aerial of 320 Concord Avenue, the site of the jail project (Credit: Getty Images, Google Maps)

Housing complex takes South Bronx jail project to court

From left: Obligo COO Omri Dor, Jetty CEO Michael Rudoy, Rhino CEO Paraag Sarva and The Guarantor CEO Julien Bonneville (Credit: The French Studio via YouTube, Twitter, LinkedIn)

Startups salivate as pols target security deposits

Mayor Bill de Blasio (Credit: Getty Images)

Four more lead-paint laws hit landlords

Mayor Bill de Blasio (Credit: Getty Images)

“Good cause” by any other name: De Blasio calls for tenant protections

Mayor Bill de Blasio (Credit: Getty Images)

De Blasio warns of ‘bad landlords,’ admits affordable housing plan ‘is not enough’

Mayor Bill de Blasio (Credit: Getty Images)

First broker fees, now security deposits? Mayor wants to free certain apartments from such payments

Scott Stringer (Credit: Getty Images)

Scott Stringer calls for “universal affordable housing,” end to 421a

Mayor Bill de Blasi0, a rendering of Halletts Point, and Douglas Durst (Credit: Getty Images, Durst)

Feud with de Blasio pushes Durst to shelve Halletts Point