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NYCHA Agrees to Court-Appointed Supervision

The New York City Housing Authority has agreed to court-appointed supervision under a consent decree announced by U.S. Attorney Geoffrey S. Berman. The decree, announced concurrently with a civil complaint against NYCHA for longstanding health and safety violations, also requires the city to provide NYCHA with $1.2 billion in additional capital funding over the next five years, and $200 million per year until the problems are resolved.

“NYCHA has put its residents at risk,” said Berman. “Today’s unprecedented settlement will improve life for the 400,000 residents who call NYCHA home, while ensuring accountability, reform and oversight at this troubled institution.”

Mayor Bill de Blasio said Monday, “Decades of divestment by the federal and state governments, and decades of neglect by New York City government, have pushed our public housing system to the brink. I didn’t run for mayor to continue that history. I ran to help turn it around.”

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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