Mayor Bill de Blasio

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Report: City Considers Plan To Demolish, Rebuild Some NYCHA Sites

April 22, 2019 - 7:16 pm
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NEW YORK (WCBS 880) — The city’s Housing Authority is considering tearing down and reconstructing some complexes with private developers after experts estimated it would cost roughly $31 billion to get the public housing properties up to code.

As first reported by Politico, 70% of the new buildings would be rented at market rates with 30% going to public housing residents.

The de Blasio administration is looking towards the Fulton Houses in Chelsea as the first test subject, where repairs are estimated to total $168 million over five years.

“There's not a specific plan we're looking at different ways to approach it,” Mayor Bill de Blasio said. “It's one site we definitely could see the ability to do more with, but we don't have a specific final plan yet.”

Politco reports that the concept would be to tear down two of Fulton’s smaller buildings and replace them with a much larger one.

However, de Blasio underlines that new housing and new buildings would have to be constructed before anyone can be moved from a NYCHA structure.

“Obviously our goal with the development is to bring in a lot of money that then can be used to fix the surrounding buildings,” he said. “But we want to do it in such a fashion as to keep people on the site while we move around and ultimately fix everything.”

According to the report, NYHA would retain an ownership stake in the development of the new structures and could reclaim control over the complex if a private operator decides to pull out of the agreement.