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NYCHA needs structural changes and plan to raise more cash, research group reports


Added 10-22-19 12:13:02am EST - “NYCHA needs structural changes and plan to raise more cash, research group reports.” - Nydailynews.com

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Posted By TheNewsCommenter: From Nydailynews.com: “NYCHA needs structural changes and plan to raise more cash, research group reports”. Below is an excerpt from the article.

The New York City Housing Authority could raise billions of dollars in much-needed revenue if the city loosened zoning rules to let more neighboring developers buy “air rights” from NYCHA so they can build higher.

That suggestion is one of several outlined by the Regional Plan Association in a new report to be issued Tuesday.

The report calls on the city to examine the possibility of NYCHA sharing its responsibilities with other agencies, the adoption of a more ambitious air-rights plan and handing over control of NYCHA construction projects to the city Department of Housing Preservation and Development.

It comes as the Housing Authority struggles to meet goals imposed by a federal monitor regarding mold and lead abatement, and repairing elevators and heat and hot water systems.

“We’re very much at the point where the deferred maintenance of NYCHA properties is starting to compound and really spiral,” said Moses Gates, RPA’s vice president of housing and neighborhood planning. “If you don’t renovate buildings and keep them in a state of good repair, they eventually fall down.”

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