On May 16, 2024, the City Council passed Int. 110-A, which requires the creation of a report about the Permanent Affordability Commitment Together Program (PACT). The PACT program allows the New York City Housing Authority to change its traditional Section 9 public housing funding to project-based Section 8 funding. The change allows NYCHA to access debt to finance renovation and repairs projects and requires NYCHA to transfer the daily management of buildings to private management … <Read More>
PACT
NYCHA Announces $261 Million in Completed Renovations for Three Developments in the Bronx
The private and non-profit partnership allows for more funding while maintaining resident public housing rights. On February 17, 2021, the New York City Housing Authority (NYCHA) announced the completion of upgrades in three NYCHA developments across the Bronx. The upgrades at the Baychester, Murphy, and Betances Houses impact 54 buildings and 1,810 units and are the home to an estimated 4,300 people. The renovations cost $261 million.