BFC Partners Awarded $100M+ NYCHA PACT Deal on Staten Island
The New York City Housing Authority (NYCHA) has announced a plan to address over $100 million in capital repair needs for more than 1,400 residents of the West Brighton I & II developments on Staten Island.
“Today is a great day for the more than 1,400 New Yorkers who are going to get the safe, high-quality homes they deserve thanks to this partnership and the PACT program,” said New York City mayor Eric Adams.
The plan will be executed through the Permanent Affordability Commitment Together (PACT) program, and BFC Partners Development LLC, CB Emmanuel Realty LLC, and Catholic Homes New York have been selected to provide repairs to 574 apartments across 14 buildings at the site. BFC and CB Emmanuel will lead as general contractors, while Pinnacle City Living will serve as the day-to-day property manager when the property converts to Project-Based Section 8. Construction is slated to start in the summer of 2024.