{"id":377934,"date":"2021-12-08T04:03:39","date_gmt":"2021-12-08T01:03:39","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/another-step-toward-saving-nycha\/"},"modified":"2021-12-08T04:03:39","modified_gmt":"2021-12-08T01:03:39","slug":"another-step-toward-saving-nycha","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/another-step-toward-saving-nycha\/","title":{"rendered":"#Another step toward saving NYCHA"},"content":{"rendered":"<p>&#8220;<strong>#Another step toward saving NYCHA<\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/Elliott-ChelseaHouse.jpg?quality=90&amp;strip=all\" \/><\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Hopes for the city\u2019s beleaguered public housing agency brightened after <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/rew-online.com\/related-companies-strikes-historic-deal-with-nycha\/\">Real Estate Weekly reported<\/a> that Related Cos. and NYCHA struck a deal to manage 2,054 apartments in Manhattan, complete $366 million in renovations and construct a new 100-unit building on unused land.<\/p>\n<p>Instead of demolishing the Fulton and Chelsea-Elliott Houses, the agreement calls for a gut rehab of the 18 buildings, also creating new community spaces, health centers and garden areas. Plus: Half the 700 units of future new construction would be income-restricted affordable housing.<\/p>\n<p>To make the deal work, tenants agreed to place the projects into NYCHA\u2019s Permanent Affordability Commitment Together program. City financing and funds from the federal Rental Assistance Demonstration will cover the $366 million cost.<\/p>\n<p>NYCHA Chairman Greg Russ is an enthusiast for RAD, a major departure from the city\u2019s traditional public-housing model that shifts buildings to private management while doing major repairs.<\/p>\n<p>The deal is a definite \u201cwin\u201d for the tenants at Fulton-Chelsea Houses and another success for Russ as he strives to save NYCHA, which faces at least $40 billion in needed modernization work, with no money to pay for it. <\/p>\n<p>Let\u2019s hope the next mayor can help Russ get the stalled NYCHA 2.0 plan back in motion to generate $2 billion by leasing underused land (e.g., parking lots, lawns, etc.) to private developers to finance new affordable-housing units.<\/p>\n<p>More privatization is the only practical option for saving and maintaining affordable public housing for low-income individuals and families \u2014 and for ending NYCHA\u2019s vast backlog of maintenance and ordinary repairs. The faster, the better for all concerned.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2021\/12\/07\/another-step-toward-saving-nycha\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Another step toward saving NYCHA&#8221; Hopes for the city\u2019s beleaguered public housing agency brightened after Real Estate Weekly reported that Related Cos. and NYCHA struck a deal to manage 2,054 apartments in Manhattan, complete $366 million in renovations and construct a new 100-unit building on unused land. Instead of demolishing the Fulton and Chelsea-Elliott Houses,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":377935,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/Elliott-ChelseaHouse.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[121127,81958,71559,43,70362,87230,71226],"class_list":["post-377934","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-12-7-21","tag-affordable-housing","tag-apartments","tag-editorial","tag-nycha","tag-public-housing","tag-real-estate"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/377934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=377934"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/377934\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/377935"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=377934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=377934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=377934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}