![]() Giancarlo Fernandez, 29, lives in the Carver Houses in Spanish Harlem. Residents have predicted that an influx of wealthier residents (half of the 1,000 apartments will be market rate) will drive affordable amenities out of their neighborhoods, and possibly drive NYCHA tenants out altogether.Ĭritics and many NYCHA residents are also deeply troubled by the idea of turning to private developers to save a public asset, especially under a Trump administration that heavily favors privatization. The privatization approach has been met with pushback from housing advocates and NYCHA residents at some of the first sites slotted for development: parking lots at Wyckoff Gardens in Boerum Hill and a playground at Holmes Towers on the Upper East Side. "With so much uncertainty from Washington, the debate on whether or not to build on public housing land as a revenue source should be over," Olatoye testified during a NYCHA budget hearing. ![]() In the face of at least $35 million in federal funding cuts for 2017-what Bronx Council Member Ritchie Torres described Monday as a "financial death spiral"-New York City Housing Authority Chair Shola Olatoye insisted that NYCHA now has no choice but to fully embrace NextGeneration Neighborhoods: a controversial plan launched in 2015 that entails selling off chunks of NYCHA land to private developers in order to put a dent in the authority's multi-billion deficits. ![]()
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