HUD restricts NYCHA’s access to funds

The crackdown is in response to NYCHA's lead paint inspection scandal

TRD New York TRD WEEKEND EDITION /
Apr.April 01, 2018 02:53 PM

Ben Carson

In response to the devolving condition of New York’s public housing and the recent lead paint inspection scandal, the federal government is taking a firm stance.

The New York City Housing Authority will have to get the U.S. Department of Housing and Urban Development’s approval for every expenditure from here on out, reports the Wall Street Journal.

“We don’t want to do it that way, but they forced us into doing it that way until they become more responsible,” HUD secretary Ben Carson said to the Journal.

NYCHA fired back in opposition to HUD’s restriction of its access to capital funds pointing out Carson had yet to visit their offices.

“It is surprising… that the Secretary, who has not found an available hour to visit the largest public housing authority in his portfolio, is focused on steps that hinder not help,” spokeswoman Jasmine Blake wrote to the Journal in an email. “This is not a do-no-harm approach.”

Last year, NYCHA chair Shola Olatoye criticized Carson for a lack of policy guidance.

“I find it almost unconscionable that we could be almost a year into this administration and not have a clear sense of how agencies such as NYCHA and the other 3,200 public housing agencies are meant to operate given the significant capital need that we’re faced with,” she said.

Public housing in New York needs an estimated $25 billion worth of repairs and Olatoye is talking about partnering with private developers to get the job done. [WSJ]Erin Hudson


Related Articles

arrow_forward_ios
Joe Jonas and Sophie Turner with 199 Mott Street (Getty; Modlin Group)

Joe Jonas and Sophie Turner list NYC pied-à-terre for $5.9M

Joe Jonas and Sophie Turner list NYC pied-à-terre for $5.9M
A million homeowners haven’t requested forbearance on their mortgages — and are now at risk for foreclosure and eviction. (iStock)

1M struggling homeowners didn’t request forbearance. Now what?

1M struggling homeowners didn’t request forbearance. Now what?
(iStock)

Landlords lost about $9B in rental payments last quarter: report

Landlords lost about $9B in rental payments last quarter: report
Jennifer Lopez and Alex Rodriguez with their Malibu beach house (Getty; Courtesy Compass)

J-Lo and A-Rod part ways with Malibu “fixer-upper” for $6.8M

J-Lo and A-Rod part ways with Malibu “fixer-upper” for $6.8M
State Sens. James Gaughran, Brian Kavanagh and Kevin Thomas (NY Gov; Getty)

State Senate hearing confronts racial bias by brokers

State Senate hearing confronts racial bias by brokers
State Sen. Julia Salazar, Barbara Corcoran and Gov. Andrew Cuomo (Getty)

State says Barbara Corcoran is on board with broker-fee ban

State says Barbara Corcoran is on board with broker-fee ban
220 Central Park South and Steve Roth (Google Maps, Getty)

Another 220 Central Park South condo sells for $61.6M

Another 220 Central Park South condo sells for $61.6M
Parc East Towers in 240 East 27th Street (iStock; Equity Apartments)

Here’s where NYC rents fell the most in August

Here’s where NYC rents fell the most in August
arrow_forward_ios

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

Loading...