NYC Housing Authority Begins Divisive Private-Leasing Plan

Law360, New York (August 16, 2013, 7:39 PM ET) -- The New York City Housing Authority is pushing ahead with its controversial plan to lease some of the vacant property it manages to private developers in an effort to raise funds for upkeep and maintenance, issuing a request for expressions of interest from developers Friday.

NYCHA has seen its financial support dwindle by $750 million over the past decade and its annual capital funding from the federal government cut from $410 million to $270 million in that time, leading it to announce in 2011 that it...
To view the full article, register now.