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New York City Agrees to Pay $2 Billion on Public Housing

A lawsuit and the resulting settlement forces the city of New York to improve the state of its public housing.
June 12, 2018, 7am PDT | James Brasuell | @CasualBrasuell
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The Associated Press reports that New York City will settle a claim that the New York City Housing Authority (NYCHA) regularly violates health and safety regulations by spending $2 billion to overcome its problems.

The settlement is stated in a consent decree that resulted from a federal lawsuit against the public housing agency. The consent degree establishes a ten-year process that includes the appointment of a monitor to run the NYHCA.

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Published on Monday, June 11, 2018 in Associated Press via Crain's New York Business
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