Fate of 25,000 NYCHA Apartments in the Balance as End of Legislative Session Nears

Proposed legislation would allow NYCHA to transfer 25,000 apartments into a publicly owned trust with the power to issue bonds and borrow money for addressing desperately-needed capital repairs. Supporters say it’s the only real shot to drum up the funds in lieu of substantive federal aid. But many public housing tenants are opposed or skeptical of the plan.