Senator Brian Kavanagh and Assemblyman Steven Cymbrowitz, the Chairs, respectively, of the Senate and Assembly Housing Committees, released the following joint statement:
“After consultation with public housing residents, the New York City Housing Authority (NYCHA) and other stakeholders on proposed legislation (S6999A/A7805) that would create the New York City Public Housing Preservation Trust — a new public agency intended to enable NYCHA to seek higher levels of federal funding to renovate and manage up to 25,000 apartments — we have decided that further conversation, outreach, and negotiation are necessary before advancing legislation on this topic.
“For this reason, we will hold the bill in committee for the remainder of the current legislative session, which ends next week. We thank everyone who provided input and expressed their concerns about the proposal, and we look forward to continuing to discuss how best to meet the needs of public housing residents in the months ahead.”
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