"Next Generation NYCHA" plans to combat debt
The housing authority says that the city's public housing agency is in the hole for more than $90 million. Mayor Bill Deblasio has a new plan to tackle the debt. It's called "Next Generation NYCHA."
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May 20, 2015, 3:28 AM
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Updated 3,642 days ago
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The housing authority says that the city's public housing agency is in the hole for more than $90 million.
Mayor Bill Deblasio has a new plan to tackle the debt.
It's called "Next Generation NYCHA." It includes higher resident parking fees, increasing rate of rent collection and leasing land to build residential apartments.
Mayor de Blasio says that he hopes these changes will dig the agency out of debt within the next 10 years.
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