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.
Trump Administration Could Effectively End Housing Voucher Program
Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Canada vs. Kamala: Whose Liberal Housing Platform Comes Out on Top?
As Canada votes for a new Prime Minister, what can America learn from the leading liberal candidate of its neighbor to the north?
Washington State’s Parking Reform Law Could Unlock ‘Countless’ Acres for New Housing
A law that limits how much parking cities can require for residential amd commercial developments could lead to a construction boom.
Wildlife Rebounds After the Eaton Fire
Following the devastation of the Eaton Fire, the return of wildlife and the regrowth of native plants are offering powerful signs of resilience and renewal.
LA to Replace Inglewood Light Rail Project With Bus Shuttles
LA Metro says the change is in response to community engagement and that the new design will be ready before the 2028 Olympic Games.
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.
Central Transportation Planning Staff/Boston Region MPO
Heyer Gruel & Associates PA
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Regional Transportation Commission of Southern Nevada
Toledo-Lucas County Plan Commissions