A consortium of developers have secured a $600-million loan to renovate more than 1,600 units in the New York City Housing Authority's portfolio.
A group of developers will be refurbishing 29 buildings owned by the New York City Housing Authority (NYCHA) using a $600-million loan from the NYCHA and JP Morgan Chase, reports Sebastian Morris. Facilitated by NYCHA’s Permanent Affordability Commitment Together (PACT) initiative, which funds renovations and expanded support services, the project includes improvements such as remodeled kitchens and bathrooms, new energy-efficient appliances, and enhanced common areas. "Repairs to the façades and building envelopes include a full replacement of existing windows and roofing systems, improved entrances, and new signage."
The developers will partner with other organizations and the city to provide improved social services such as workforce training and literacy education and maintain affordability into the future.
Aaron Koffman, managing principal of The Hudson Companies, emphasizes that the developers have "engaged in frequent and productive conversations with the residents and their leadership associations and are thrilled to be providing residents of the Boulevard Houses, Fiorentino Plaza, and Belmont-Sutter Area with fully renovated apartments with critical upgrades to their buildings." The project is part of NYCHA's broader initiative to renovate its aging buildings, reduce energy consumption, and make much-needed repairs.
New York Public Housing Needs $78 Billion in Repairs
A new assessment from the city’s housing agency calls for $60 billion in needed repairs over the next five years.
An Aggressive Pitch to Bail out New York City's Public Housing
Mayor Bill De Blasio released an aggressive and likely contentious plan to fund the New York Housing Authority, which is currently sitting on $16 billion in needed maintenance work.
Plan to Revitalize Public Housing Stymied by NYC Parking Requirements
New York City Housing Authority Chairman John Rhea says that the city's own parking minimums are making it difficult to make public housing sites more mixed-use, mixed-income and financially sustainable.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
The state-sanctioned urbicide of Austin
People don’t kill cities. Freeways do.
US to reduce Colorado River water deliveries to Mexico
A new Colorado Treaty amendment reduces Mexico’s Colorado River water allocation by 250,000 acre feet.
Mamdani overhauls NYC's Vision Zero plan with 100 new policy goals
The overhaul aims to reduce traffic deaths and make streets safer for pedestrians, cyclists and drivers through lower speed limits, new safety infrastructure and more.
Amtrak not solely to blame for New Jersey commuter rail's unreliability, report finds
A new study from the Garden State Initiative found that NJ Transit’s budget grew 20% across a 4 year period, but reliability declined significantly over the same period.
EPA erases limits on planet-warming pollution from power plants
Under Monday’s plan, power plants would still have some limits on how much mercury, arsenic and other contaminants they can emit.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
Eagle County Government
Harvard University Graduate School of Design
Nashville Planning Department
The Architects Foundation
University of Cincinnati Online
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello
Journal of the American Planning Association