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HUD Program Will Convert 2,400 NYCHA Units to Section 8
The New York City Housing Authority has committed $400 million to renovate nearly 2,400 apartments across 21 public housing developments in Brooklyn and Manhattan. The $400 million in upgrades will be made possible through HUD’s Rental Assistance Demonstration program, which converts apartments’ funding to the Section 8 program.
“The city is leveraging every tool available to deliver critically needed repairs without raising the rent,” said Mayor Bill de Blasio “We will never stop fighting to improve the quality of life for NYCHA residents.”
The apartments will become permanently affordable and will be maintained by private property managers. NYCHA will begin selecting development teams for the construction and management work this fall, with renovations beginning in 2019.
NYCHA also announced private management and construction teams for $80+ million in renovations on 700 NYCHA apartments in the Bronx, which haven’t had a consistent funding stream since the state divested them in 1998.
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