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The New York City Housing Authority (NYCHA) testified at a recent City Council hearing about the success of the Permanent Affordability Commitment Together (PACT) program, which converts public housing properties to the federal Section 8 program to secure additional repair funds. Currently, 37,707 NYCHA units are in the planning, construction, or conversion stages of PACT. Private developers are responsible for renovations and day-to-day operations, while NYCHA retains ownership of the land. While NYCHA presented positive survey results from PACT tenants, some residents expressed concerns about timely repairs and the selection process for PACT conversions. The PACT program is part of NYCHA's efforts to address the $80 billion needed for capital repairs over the next two decades. [Extracted from the article]

Department of Housing Preservation and Development, Government, Housing and Homelessness, Economy, Affordable Housing, affordable housing lottery, Candidate forum, City Planning Commission, election 2022, housing Welcome to City Limits' B NYC Housing Calendar, b a weekly feature where we round up the latest housing and land use-related events and hearings, as well as upcoming affordable housing lotteries that are ending soon. Keywords: Economy; Government; Housing and Homelessness; Affordable Housing; affordable housing lottery; Candidate forum; City Planning Commission; Department of Housing Preservation and Development; election 2022; housing EN Economy Government Housing and Homelessness Affordable Housing affordable housing lottery Candidate forum City Planning Commission Department of Housing Preservation and Development election 2022 housing N.PAG N.PAG 1 08/22/22 20220817 NES 220817 I City Limits rounds up the latest housing and land use-related events, public hearings and upcoming affordable housing lotteries that are ending soon. i Graph: Adi Talwar Apartments on East Mosholu Parkway North and Steuben Avenue in The Bronx. [Extracted from the article]

Investing in modern heat and hot water infrastructure doesn't just reduce energy costs, it also saves money by cutting down on outages. New York City's Housing Authority (NYCHA) has reduced its heat and hot water outages by nearly 10% compared to the previous heating season. [Extracted from the article]

The New York City Housing Development Corp.'s chief operating officer, who died Friday, understood bond financing nuances and "connected people and ideas." [ABSTRACT FROM AUTHOR]

The article examines the annual progress report submitted by Mayor Robert Wagner to the City Council of New York City. It notes that Wagner's claim on the development of the city under his administration was negated by the statistical data showed on the report. It also lists the issues addressed by Wagner which depicted the squalor and violence in the city including the increase in air pollution complains and the growth of reported cases in gonorrhea, syphilis, and crimes.

The New York City Housing Development Corp. intends to issue up to $1.1 billion of in multi-family housing revenue bonds and provide roughly $27 million of in additional financing. [ABSTRACT FROM AUTHOR]

The article discusses the developments in Woodside, Queens, New York, with its offering of affordable housing and easy commute for younger people as of April 2014. With apartment rents almost 25 percent less than those in Long Island City, the town reportedly experienced an influx of new residents. As such, the 66-unit Icon project sold out in six weeks. New retailers are also turning up including discount chain Deals by Dollar Tree and Wine and Liquor Market.

The article offers information on the plan of New York City's Department of Housing and Urban Development (HUD). It informs that the department has planned to decrease the city's Fair Market Rent limits in 2013 due to continuous increase in rents. The plan will help in establishing maximum subsidies for HUD's Housing Choice Voucher Program.

The article offers information on the development of Bronx in New York City. It mentions that the housing industry has played a major contribution in the progress of the area while Ed Koch's administration has supported the rehabilitation of the run-down buildings and the construction of multifamily houses. Meanwhile, it says that the city has been encouraging private investments in the area such as supermarkets, industrial facilities and community facilities.

This article informs that luxury riverfront living in the northern suburbs has never been more accessible to Manhattan than Harbors at Haverstraw, a new community linked to New York City by a high-speed ferry that connects with the Metro North train system. Brought to the Rockland County shoreline by Ginsburg Development Corp., Harbors at Haverstraw owns the designation as the largest active residential waterfront project north of the George Washington Bridge. Early sales at Harbors at Haverstraw have been impressive with more than 125 of the first 191 available homes sold before the first model was unveiled earlier this month. The unique accessibility to Manhattan coupled with the community's breathtaking river views has fueled the early sales activity.