NY Housing Authority Seeks Private Investors for Brooklyn, Bronx Buildings

Private developers expected to help upgrade 1,700 units needing about $350 million in repairs.
News Story (New York)

Laura Kusisto
Wall Street Journal (WSJ)
January 18, 2017

Tags: Housing: Affordability

Organizations mentioned/involved: Legal Aid Society (New York City)


Some advocates for low-income tenants decry what they see as the privatization of the country’s decades-old public housing stock. Protections ensure the buildings remain permanently affordable, and the housing authority owns the land and retains oversight of the buildings’ management. But critics say there are still risks associated with turning them over to private managers.

“The housing authority evicts very few people. Maximizing profit isn’t really part of that. When you’re talking about a private landlord, that’s what they’re there for,” said Judith Goldiner, who oversees the Legal Aid Society’s civil-reform unit.