Via NYC Housing Authority
NEW YORK – Today, the New York City Housing Authority (NYCHA), the New York City Department of Housing Preservation and Development (HPD), and the New York City Housing Development Corporation (HDC) announced the selection of four new partnerships under its 100% Affordable Housing program, its NextGen Neighborhoods program, and its FHA Vacant Homes program. NYCHA expects to generate over $40 million through these transactions for badly needed repairs while also building 620 new affordable homes for seniors and families across Brooklyn, the Bronx, and Queens. NYCHA will retain ownership of all sites.
The selection of these partners is the result of an extensive community engagement process dedicated to understanding resident concerns before the RFP release and addressing them in the final design. NYCHA held 15 resident meetings, distributed almost 2,000 notices, and spoke with over 1,200 residents directly. Throughout the process, resident meetings and community visioning workshops were held to identify residents’ top priorities. NYCHA residents will remain in their homes with their rents unaffected by these programs.