The New York City Housing Authority Begins $69 Million in Capital Improvements and Repairs

The New York City Housing Authority has begun $69 million in capital improvements beginning in October 2012 at 16 developments, which will result in repairs to roofs, boiler systems, bathrooms and other upgrades for more than 36,000 NYCHA residents over the next six months. The work is part of the NYCHA’s 2012 Capital Plan and is funded by the federal Housing and Urban Development (HUD) capital grants. Ongoing renovations to both the interior and exterior of NYCHA buildings and apartments are needed to keep them structurally sound and in a state of good repair. NYCHA is also implementing a Capital Plan to obligate its annual federal funding for Capital Projects in 18 months, as opposed to currently HUD mandated 24 months and also attain its expenditures targets for those projects in 36 months as opposed to currently HUD mandated 48-months. Enhancements to NYCHA’s current planning and process management practices are underway to facilitate these new targeted timelines.

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