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Nostrand Houses Selected First to Vote on NYCHA Trust to Fund Repairs 

New York City Mayor Eric Adams and NYCHA CEO Lisa Bova-Hiatt have initiated the resident engagement process for the first resident vote for the Public Housing Preservation Trust. The first vote will take place at Nostrand Houses in Brooklyn, starting this November.  

Nostrand Houses, facing over $600 million in capital needs, was selected due to its high level of immediate physical needs. Established in May 2023, The trust allows residents to vote on the future of their development, including options to enter the trust or join the Permanent Affordability Commitment Together program to access alternative federal funding. Residents can also choose to maintain the traditional public housing financing model, although this would slow down major repairs.  

“Every revolution has to start somewhere, and our housing revolution is going to start at Nostrand Houses in Sheepshead Bay,” said Mayor Adams. “After decades of neglect and disinvestment by the federal government, the NYCHA Trust is the tool we need to unlock billions of dollars for public housing families across the five boroughs. 


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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

  • ◦Policy/Gov't
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