NYCHA Designates Development Partners to Repair and Preserve over 5,900 Affordable Apartments in Manhattan and Brooklyn

Date Published: 
February 19th, 2020

From the New York City Housing Authority's press release:

Today, the New York City Housing Authority (NYCHA) announced the selection of five development teams that will partner with the Authority under the Permanent Affordability Commitment Together (PACT) program to preserve 5,908 units in Manhattan and Brooklyn with critical infrastructure and capital repair needs.

The teams – comprised of more than a dozen affordable housing developers, property management companies, and nonprofit organizations – were invited to submit their proposals for the renovation of Williamsburg Houses, Linden Houses, Boulevard Houses, Harlem River I and II Houses, Audubon Houses, Bethune Gardens, and Marshall Plaza. The restoration initiative was first announced in September 2019 after the selected entities were vetted as pre-qualified partners in May 2019.

“We are excited to announce the development teams that will partner with us in meeting the capital need of more than $1.5 billion associated with these NYCHA campuses,” said NYCHA Chair & CEO Greg Russ. “Today’s designations are an essential milestone in the life of the Authority and the involvement of these partners will be instrumental in completing the renovations our residents need and deserve.”

Read NYCHA's press release.

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