Faced with shrinking federal spending on affordable housing and a strained housing market, the New York City Housing Authority is dealing with a massive budget shortfall and a massive wait list.
"After years of shrinking government investment in public housing, the agency has a $77 million budget deficit this year and unfunded capital needs totaling $18 billion, its officials say," reports Mireya Navarro.
"Shola Olatoye, the housing authority’s chairwoman, said the huge shortfalls had pushed public housing into a 'pretty dire' phase, leaving the authority unable to meet many of its day-to-day obligations, like timely repairs, and most of its long-term capital needs."
Affordable housing advocates are falling short of a government action, "some use the term Marshall Plan," to rescue public housing in New York City.
FULL STORY: Public Housing in New York Reaches a Fiscal Crisis
New York Public Housing Needs $78 Billion in Repairs
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Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
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The States Losing Rural Delivery Rooms at an Alarming Pace
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The Small South Asian Republic Going all in on EVs
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DC Backpedals on Bike Lane Protection, Swaps Barriers for Paint
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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.
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