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Keeping NYCHA’s 2,691 residential buildings and more than 180,000 apartments in good condition requires extensive maintenance and capital improvements. In addition to day-to-day maintenance, capital construction projects are essential to modernize and improve our developments and to ensure their viability for current residents as well as for future generations.
Nearly two-thirds of NYCHA’s 2,691 residential buildings are more than 30 years old. To preserve and improve them, NYCHA has completed more than $4 billion in construction projects in the past ten years alone. Recent capital projects have enabled NYCHA to repair and replace building systems, exteriors, interiors, landscaping, and community centers. And even more work is now possible using the proceeds from bonds issued by New York City’s Housing Development Corporation.
To learn more about NYCHA’s Capital Projects, please read our Capital Report and learn about the Capital Needs Assessment Survey, Capital Fund Financing Program, the Construction Management/Build Program, explore some of our Current Major Capital Projects and review our Capital Budget.
NYCHA is also an important partner in Mayor Bloomberg’s New Marketplace Plan to expand New York City’s affordable housing supply. Through the use of innovative financing packages and strategic alliances with government and not-for-profit partners, NYCHA is making possible the continued construction of affordable housing. See how NYCHA is Expanding Affordable Housing.
Beyond housing, NYCHA also invests heavily in the refurbishment and expansion of Community Centers for our residents. All of this work is done with the highest standards for design and quality, which is why the Copper-Hewitt Museum called NYCHA “a model for the construction and rehabilitation of quality, innovative housing and other facilities for low-income families,” in its 2002 National Design Awards, Special Commendation for Corporate Achievement.
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