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Why does NYCHA need to federalize its 21 State and City Developments?

April 26, 2017city developments federalize NYCHA State

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Why does NYCHA need to federalize its 21 State and City Developments?

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The passage of the American Reinvestment and Recovery Act (ARRA) by Congress last February has provided NYCHA with a one-time opportunity to qualify units in the 21 State and City built developments to receive annual federal and capital funding. The transaction must be complete by March 17, 2010.