The New York City Housing Authority Announces Plans to Create Thousands of New, Affordable Housing Units

New York, NY – September 25, 2012 – (RealEstateRama) — New York City Housing Authority Chairman John B. Rhea today unveiled new initiatives that would bring hundreds of millions of dollars in revenue to the Housing Authority to help maintain and preserve public housing in New York City. At a breakfast sponsored by the Association for a Better New York, Chairman Rhea detailed a major plan to build new, private housing at NYCHA developments. The plan would create at least 1,000 permanently affordable housing units for low- and moderate-income families. The new developments would not displace any NYCHA residents and will bring millions of dollars each year to the Housing Authority that would go towards providing safe, secure and well-maintained housing for NYCHA residents at the sites and throughout the city