Wednesday, December 17, 2014

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Housing Authority Begins Reviewing Proposals To Build New Developments On Public Housing Land

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TWC News: Housing Authority Begins Reviewing Proposals To Build New Developments On Public Housing Land
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The New York City Housing Authority has begun reviewing proposals to build new developments on public housing land.

NYCHA asked private developers to submit plans for 14 Manhattan plots.

They want developers to build about 3,600 new rental apartments, including 720 that would be permanently affordable.

Several organizations have filed lawsuits against NYCHA to stop the development, saying it'll take away spaces that public housing residents desperately need.

Chairman John Rhea said that the revenue from those apartments could raise millions of dollars that could then be used to benefit residents.

"The good news is that we feel very confident that what we've received reflects the value that we had communicated to the land lease proposal, which is that there was an opportunity here to raise hundreds of millions of dollars to repair public housing," Rhea said.

Rhea said since he's stepping down at the end of the Bloomberg administration, his successor would have to finish the project.

It's unclear what Mayor-elect Bill de Blasio plans to do with the proposals when he takes office.

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