As New York City and state lawmakers finalize budgets, advocates are demanding billions to address significant public housing needs without resorting to privatization. The New York City Housing Authority (NYCHA) has identified an $80 billion capital need over the next twenty years, manifesting in poor living conditions for residents. Despite receiving $700 million yearly for repairs under federal programs, NYCHA faces financial constraints. The PACT program aims to inject more funds through a shift in federal housing models but raises questions about repair quality and long-term effectiveness.
To date, PACT has brought $7 billion worth of capital repairs, and is expected to bring a total of $13.2 billion should NYCHA reach its goal of converting 62,000 units by 2028.
The 90-year-old New York City Housing Authority estimates a near $80 billion in capital needs over the next two decades, highlighting the urgent need for funding.
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