Via Wikimedia
January 31, 2019
Federal government increases oversight of NYCHA
President Donald Trump's administration announced on Thursday it will seize some control over the New York City Housing Authority (NYCHA), calling for an independent federal monitor to oversee the troubled agency. According to the New York Times, the U.S. Department of Housing and Urban Development (HUD), NYCHA, and the city reached a deal that includes an investment of $2.2 billion over 10 years by the city in NYCHA, but does not place the agency under receivership. The monitor will be responsible for oversight of the agency's 176,000 apartments, part of the largest public housing authority in the country.
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