When governments mortgage the future to pay for the present, sooner or later the bill comes due. It arrived last year for the New York City Housing Authority (NYCHA) which manages a major chunk of public housing that still survives in the US.
The repair bill keeps changing. These days it’s hovering around $40 billion to repair/refurbish aging NYCHA housing stock — a major bulwark in the city’s struggle against homelessness and unaffordable housing, as detailed in the City’s recent report: Our Homelessness Crisis: The Case For Change
New York State responded as it has for decades: “Don’t look to us. We’re already carrying our share of the load.” Activists are far from amused. Read more in the QUEENS Daily Eagle: Tenants’ Rights Groups Urge State To Invest In Public Housing At Albany Rally
