The New York City Housing Authority could raise billions of dollars in much-needed revenue if the city loosened zoning rules to let more neighboring developers buy “air rights” from NYCHA so they can build higher.
That suggestion is one of several outlined by the Regional Plan Association in a new report to be issued Tuesday.
“We’re very much at the point where the deferred maintenance of NYCHA properties is starting to compound and really spiral,” said Moses Gates, RPA’s vice president of housing and neighborhood planning. “If you don’t renovate buildings and keep them in a state of good repair, they eventually fall down.”
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