NYCHA’s new repair model gets its first $607M test in Brooklyn

Mamdani invests in public housing and calls out rich crybabies

The New York City mayor once again reminded Americans that the wealthy need to pay their fair share.

Public Housing Trust Finances Its First NYCHA Renovation Project in Brooklyn

The Public Housing Preservation Trust, created in 2022, announced the closing of a $607 million deal to renovate over 1,000 apartments at Brooklyn’s Nostrand Houses. It’s the first project financed through the Trust.

NYCHA’s new repair model gets its first $607M test in Brooklyn

The city closed the first financing deal through its Public Housing Preservation Trust this week, unlocking $607 million for a top-to-bottom overhaul of NYCHA’s Nostrand Houses in Brooklyn. The deal will fund renovations to 1,148 apartments across 16 buildings in Sheepshead Bay, home to roughly 2,000 residents. City officials said the financing closed Sept. 29,...

Brooklyn NYCHA Apartments Get $433M Renovation Project

Improvements are on the way for thousands of NYCHA residents in Brooklyn, with a $433.1 million renovation project now funded and a model apartment at the Brooklyn Navy Yard showing off the technology tenants can expect to see installed in their own homes. New York City Mayor Zohran Mamdani has been rolling out new details on the city's broader plan to fix up public housing, and Brooklyn is where much of the immediate work is starting. NYCHA clo…

Mayor Mamdani, NYCHA and the Public Housing Preservation Trust Announce $607 Million Modernization at Nostrand Houses