the PACT program has converted more than 37,000 units, providing $13.2 billion for repairs and enhancing the functionality of public housing in New York City.
NYCHA's transition to PACT allows private managers to handle operations, create efficient revenue systems through bonds, while addressing the urgent need for rehabilitation of aging developments.
With nearly $80 billion needed for repairs over the next twenty years, the PACT and Public Housing Preservation Trust programs represent a strategy to combat decades of underfunding.
Residents voiced concerns at a recent hearing about necessary repairs and challenges faced, especially following the delays in COVID rent relief allocation for public housing tenants.
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