Is NYCHA privatizing and selling off public housing?
The residential buildings in the State and City built developments will be sold to a partnership controlled by NYCHA. This is required under the rules for mixed finance affordable housing. NYCHA and the Board will maintain control of these developments. Although the buildings will be owned by the partnership, NYCHA will maintain control of the ownership structure. NYCHA will still own the land that the buildings sit on, the parking lots, the community facilities, the playgrounds, in addition to the buildings, NYCHA will own that outright.
