Mayor Adams, Tenants Unite to Support NYCHA Preservation Trust

NEW YORK – New York City Mayor Eric Adams, along with government, labor, and community leaders, stood with New York City Housing Authority (NYCHA) residents today at Polo Grounds Houses in support of the NYCHA Public Housing Preservation Trust. The Trust — which requires authorization from the state Legislature — would be a new, entirely public entity that would unlock billions of dollars in federal funding to accelerate repairs and make long-overdue investments for tens of thousands of NYCHA residents across all five boroughs. The current legislation — A7805C — would keep NYCHA residents at the center of the Trust’s implementation process, preserving all resident rights and protections. NYCHA needs over $40 billion to fully restore and renovate all its buildings.

Source: The Office of the Mayor