Funding

Press Release from the New York City Housing Authority

FOR IMMEDIATE RELEASE: July 28, 2020

CONTACT: media@nycha.nyc.gov

NYCHA PRESENTS A BLUEPRINT FOR CHANGE AT NEW YORK HOUSING CONFERENCE’S 2020 SUMMER SERIES

Long-term Strategy Includes Establishing a Public Housing Preservation Trust and a Stabilization Plan for Every Building

Dear Majority Leader McConnell, Democratic Leader Schumer, Chairman Shelby, and Vice Chairman Leahy:

On behalf of the Council of Large Public Housing Authorities (CLPHA), I am writing to express our support and to urge Senate passage of the recent House-passed HR 6800, the Health and Economic Recovery Omnibus Emergency Solutions Act (“HEROES Act”), particularly provisions in the legislation pertaining to housing and community development policies and funding.

In mid-June the King County Housing Authority issued $140 million in tax-exempt housing revenue bonds to provide permanent financing for the acquisition of Hampton Greens, a 326-unit workforce housing complex in Bellevue, Wash., and to assume outstanding debt on four other workforce properties.