As North America’s largest public housing authority, NYCHA owns more than 177,000 apartments in over 2,500 buildings across 335 developments throughout New York City’s five boroughs. These developments presently require more than $78 billion in capital investment due to decades of insufficient funding and deferred maintenance. NYCHA has various programs aimed at continually mobilizing and investing in the modernization and long-term sustainability of New York City's public housing.
The Authority's Asset & Capital Management (A&CM) Division leads and manages much of this work, including a multi-billion dollar capital program, a historic real estate transaction portfolio, oversight of partners renovating and managing NYCHA properties, and NYCHA's Sustainability Agenda. Through innovative financing models, strong partnership with residents and other stakeholders, strategic, data-driven portfolio planning, and cost-effective project delivery, we aim to comprehensively modernize all our properties, buildings and apartments.
NYCHA undertakes a physical needs assessment (PNA) exercise approximately every five years to estimate the magnitude of capital investments required across the Authority's properties to bring them to a good state of repair and ensure their long-term viability. The results of the PNA inform capital investment planning and prioritization across NYCHA’s property modernization programs. Frequently Asked Questions (FAQ) on the 2023 PNA, as well as the 2023 PNA Technical Report and Data File, are linked below.
Contact the A&CM Division