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