Feds to NYC: Shell out at least $1B to fix public housing

TRD New York /
May.May 31, 2018 08:25 AM

Queensbridge Houses (Credit: Wikipedia Commons)

Federal prosecutors are set to order New York City to fork out at least $1 billion to fix thousands of deteriorating public housing units over the next four years.

After a 2015 investigation conducted by the U.S. Attorney’s Office for the Southern District of New York, and in following years, it was revealed that the New York City Housing Authority failed to conduct annual inspections of lead paint on more than 55,000 apartments, after it falsely claimed it did and relied on broken boilers to heat buildings during the freezing winter months.

A consent decree is expected to be signed in the coming days, Politico reported. A federal monitor will be appointed to ensure the authority, which currently manages 2,417 buildings across 325 developments, adheres to the order.

The housing authority is technically under federal jurisdiction, with most of its funding coming from the Department of Housing and Urban Development. But if the decree is signed by Mayor Bill de Blasio, New York will take on more responsibility for an agency that already faces more than $25 billion in backlogged capital repairs, according to the report.

NYCHA chair Shola Olatoye announced in April she would be stepping down. [Politico]David Jeans


Related Articles

arrow_forward_ios
Alexandria Ocasio-Cortez, Bernie Sanders and Elizabeth Warren

By the numbers: Breaking down national housing agendas from the far left

Nuveen CEO Vijay Advani, Blackstone President & COO Jonathan Gray and one of the Texas properties

Blackstone just sold off a 29M sf national industrial portfolio

The purge continues: WeWork’s head of real estate is leaving

Judith and Rudy Giuliani Rudolph and Judith Giuliani are divorcing after 16 years. (Credit: Getty Images, Trulia, Highrises)

Luxury properties at play in Rudy Giuliani’s ugly divorce

Governor Andrew Cuomo and Senator James Skoufis (Credit: Getty Images, NY Senate)

Owners of some residential properties can’t hide behind
LLCs anymore

43-20 49th Avenue in Long Island City and Andrew Chung of Innovo Property Group (Credit: Google Maps)

Andrew Chung tees up Queens’ biggest deal of 2019

Congresswoman Alexandria Ocasio-Cortez Holds Public Housing Town Hall In The Bronx (Credit: Getty Images)

Rep. Alexandria Ocasio-Cortez wants to put rent regulation, mortgage fraud in the national spotlight

Elevated risk: Malfunction at NYCHA is putting public housing residents at greater risk of being injured in its elevators

arrow_forward_ios