Housing Authority To Receive Additional $40M
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
The New York City Housing Authority will receive more than $40 million in additional taxpayer funds, as Governor Spitzer signed into law a bill increasing the state’s contribution to the public housing agency.
The bill increases the level of funding for residents on public assistance at NYCHA and other similar public housing agencies.
The legislation calls for the state and city to each increase their contributions to NYCHA by about $11 million a year, with the federal government contributing about $22 million.
NYCHA announced in May that it was planning to cut about 500 jobs later this year due to budgetary constraints, though a spokesman for the agency said it is not yet clear how the new funds will specifically impact the proposed cuts.
