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What is the process to federalize NYCHAs State and City Developments through a Mixed-Finance Modernization Plan?

April 26, 2017city developments federalize mixed-finance modernization NYCHA Plan process State

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What is the process to federalize NYCHAs State and City Developments through a Mixed-Finance Modernization Plan?

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As part of the Mixed-Finance Modernization Plan, NYCHA will provide a ground-lease of the land at the 21 State and City Developments to a limited partnership/limited liability company and sell the buildings to a limited partnership/limited liability company at their appraised value.