STATEMENT OF MAYOR MICHAEL R. BLOOMBERG ON PASSAGE OF THE CITY’S LEGISLATION TO REFORM NEW YORK CITY HOUSING AUTHORITY’S BOARD

WASHINGTON, D.C. – June 14, 2013 – (RealEstateRama) –“Today, the New York State Legislature passed important City-proposed legislation that will allow for significant reforms to the board of the New York City Housing Authority and streamline its management. Moving forward, board members will no longer be salaried, but rather serve in part-time positions with stipends for time dedicated to board activities. This bill will also increase the overall size of the Housing Authority’s board from four to seven and provide for additional tenant representation with three of the seven board members being required to be public housing residents, ensuring a more diverse range of views. Across the country, cities have abandoned public housing, but we refused to do that.