fromCity Limits
3 days ago- City Limits
The New York City Housing Authority (NYCHA) needs an estimated $78 billion in capital repairs over the next 20 years across its more than 2,500 buildings, according to its 2023 Physical Needs Assessment. The hefty price tag-which increased by more than 70 percent since the previous assessment was conducted five years earlier, in 2017- "reflects deteriorating conditions of NYCHA's infrastructure following decades of federal disinvestment and significant price escalation in the construction sector over the last few years," housing authority officials said. Those costs include needed lead-based paint and asbestos abatement, upgrades to heating and hot water systems, plumbing, building facades and windows, and renovations to individual apartment interiors.
New York City