Additional Capital Investments Currently Under Construction, in Design or Procurement Will Bring Improvements to a Total of 75 Developments, Benefitting 122,996 Residents
Under Governor Hochul’s Leadership, Total State Capital Funding Provided to NYCHA for Critical Capital Upgrades Reaches $1.6 Billion Since 2019
Governor Kathy Hochul, New York City Mayor Eric Adams and New York City Housing Authority (NYCHA) CEO Lisa Bova-Hiatt today announced the completion of 125 elevator replacements, 17 heating system upgrades, and 36 building facade renovations, benefitting 38,974 NYCHA residents at 24 developments across the five boroughs, made possible by $1.2 billion in funding that has been provided by the State of New York through the Dormitory Authority of the State of New York (DASNY). Additionally, State capital funding is also supporting an additional 126 elevator replacements, 105 heating systems upgrades, and 29 building facade renovations all currently under construction, and an additional 172 elevator replacements and 59 building facade renovations in design and procurement. In total, these capital investments are expected to benefit nearly 123,000 residents across 75 developments. As part of the FY25 and FY26 budgets, Governor Hochul allocated an additional $365 million to NYCHA, bringing the total state capital funding allocation to $1.6 billion since 2019.
“With this important milestone, NYCHA has completed major building improvements, leveraging $1.2 billion in state investment to improve the homes and lives of tens of thousands of NYCHA residents,” Governor Hochul said. “NYCHA residents deserve access to a safe, affordable, and quality place to live — and these improvements are critical to making that reality. I am proud to partner with NYCHA, its residents, and local and state officials to support NYCHA communities.”
New York City Mayor Eric Adams said, “We are proud to call ourselves the most pro-housing administration in New York City history and that includes public housing. From unlocking over $4.7 billion for capital repairs through the PACT program to delivering free internet to over 150,000 NYCHA households through our Big Apple Connect initiative, we are putting public housing first every day. These renovations will help tens of thousands of NYCHA residents stay safe, stay warm, and stay healthy. Thank you to the state for funding these critical upgrades and to all our NYCHA leaders for their tireless advocacy on behalf of our public housing tenants.”
New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “This $1.2 billion investment of state funds has helped make significant improvements to NYCHA properties that will improve the quality of life for nearly 39,000 residents throughout the five boroughs. This investment reflects Governor Hochul’s continued commitment to ensure NYCHA residents have a safe and affordable place to call home.”
Nearly 39,000 residents will benefit from 125 elevator replacements, 17 heating system upgrades, and 36 building facade renovations at 24 developments. Since Governor Hochul has taken office, NYCHA has received a total capital funding allocation of $1.2 billion from the State through three funding agreements: $450 million for boiler and elevator upgrades in November 2021; $300 million for additional elevator upgrades in April 2022; and $485 million for facade restoration and additional heating system upgrades in December 2023.
As part of the FY25 and FY26 budgets, Governor Hochul secured $140 million to fund additional facade and heating system upgrades and $225 million to fund additional capital improvements, including $25 million for vacant NYCHA units and $200 million other capital work, providing vital support to this essential housing stock and critical quality of life improvements for the residents who call it home. This builds on the Governor’s ongoing commitment to public and subsidized housing, including her dedication of $391 million in additional state Emergency Rental Assistance Program (ERAP) and other funding in her FY24 budget to help ensure public housing residents who fell behind on their rent due to the COVID-19 pandemic received payments. An estimated 58,000 households have been assisted as a result to date. In June 2022, Governor Hochul previously signed legislation creating the New York Public Housing Preservation Trust, aimed at addressing overdue repairs, rehabilitation, and modernization of up to 25,000 NYCHA apartments.
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