Beleaguered NY Housing Authority Turns to Private Sector to Raise Needed Cash

Beset by daunting challenges, and a summer of stinging articles and reports, the chairman of the New York City Housing Authority has announced a controversial plan to raise hundreds of millions of dollars by leasing land to private developers.

1 minute read

September 27, 2012, 5:00 AM PDT

By Jonathan Nettler @nettsj


At a breakfast event this week, John B. Rhea, chairman of NYCHA, announced plans to "squeeze hundreds of millions of dollars out of parking lots, walkways, open spaces and other areas," reports David W. Chen. With a maintenance backlog topping $6 billion, the potential for hundreds of millions of dollars in revenue could solve some, but certainly not all, of the agency's considerable challenges.  

"Under the plan, which would take several years, the housing authority
would lease land to private developers, who would then come up with
projects featuring a mixture of apartments and commercial and retail
space," notes Chen. "At least 1,000 of those apartments - or perhaps 20 percent of all
the units, according to housing advocates - would be set aside for low-
and moderate-income families." 

While the city's leading elected officials were guardedly optimistic, "Judith Goldiner, attorney in charge of civil law
reform at the Legal Aid Society, voiced some misgivings."

"We are concerned that the development proposed will not be affordable
to Nycha residents, that Nycha is not consulting with the community as a
whole and that losing open space in dense high-rise communities will
have a negative impact on the public-housing community," she said.

 

Monday, September 24, 2012 in The New York Times

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Cover CM Credits, Earn Certificates, Push Your Career Forward

Logo for Planetizen Federal Action Tracker with black and white image of U.S. Capitol with water ripple overlay.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

June 25, 2025 - Diana Ionescu

Map of Western U.S. indicating public lands that would be for sale under a Senate plan in yellow and green.

Map: Where Senate Republicans Want to Sell Your Public Lands

For public land advocates, the Senate Republicans’ proposal to sell millions of acres of public land in the West is “the biggest fight of their careers.”

June 19, 2025 - Outdoor Life

Person wearing mask walking through temporary outdoor dining setup lined with bistro lights at dusk in New York City.

Restaurant Patios Were a Pandemic Win — Why Were They so Hard to Keep?

Social distancing requirements and changes in travel patterns prompted cities to pilot new uses for street and sidewalk space. Then it got complicated.

June 19, 2025 - Diana Ionescu

Close-up of full beer glass with purple train-themed design sitting on bar between two frosty tall cans.

Platform Pilsner: Vancouver Transit Agency Releases... a Beer?

TransLink will receive a portion of every sale of the four-pack.

June 30 - Cities Today

Vintage red Toronto streetcar passing in front of Rogers Arena in Toronto, Canada.

Toronto Weighs Cheaper Transit, Parking Hikes for Major Events

Special event rates would take effect during large festivals, sports games and concerts to ‘discourage driving, manage congestion and free up space for transit.”

June 30 - blogTO

Map of Berlin with ring roads in green and red.

Berlin to Consider Car-Free Zone Larger Than Manhattan

The area bound by the 22-mile Ringbahn would still allow 12 uses of a private automobile per year per person, and several other exemptions.

June 30 - Streetsblog USA

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.

Planning for Universal Design

Learn the tools for implementing Universal Design in planning regulations.