PACT Partner Team to Perform $246M Capital Repairs for 1,500 Residents in the Bronx
The New York City Housing Authority is set to undertake $246 million in capital repairs for nearly 1,500 residents at Moore Houses and East 152nd Street-Courtlandt Avenue through the Permanent Affordability Commitment Together program.
The repairs will be conducted by Mega Group Development and Brisa Builders, co-developers selected after review and engagement with residents. The comprehensive repairs will cover 684 apartments across four buildings at the Bronx developments.
The project includes apartment and building assessments, rehabilitation, property management, and social service plans. Construction is scheduled to begin in 2024. “NYCHA tenants deserve quality homes, and these critical improvements to Moore Houses and East 152nd Street-Courtlandt Avenue will make that dream a reality,” said Deputy Mayor for Housing, Economic Development, and Workforce Maria Torres-Springer.
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.