Friday, February 21, 2025

Report: Residents of the Jacob Riis Houses will vote on their funding future

EVG file photo

Interesting story about the future funding of the Jacob Riis Houses on Avenue D. 

City Limits has the story: 
NYCHA announced on Feb. 11 that residents at the Jacob Riis Houses in the East Village will head to the polls and decide on which funding model they feel can make for the best investment moving forward. But there's a twist. 

Unlike other developments where NYCHA has held votes in recent years, residents at the Jacob Riis Houses will choose between only two options: the Permanent Affordability Commitment Together (PACT) program and remaining in Section 9, the current federal program it’s funded under. The decision comes after TA leadership at the Jacob Riis Houses requested putting PACT as an option on the table to get repairs done, according to NYCHA. 
Residents can vote starting on Thursday. 

Jacob Riis Houses I and II have 1,769 units in total. The complex has "a combined capital repair need of $940 million," per City Limit. 

The Jacob Riis Houses were in the headlines in 2022 over news of arsenic in the water. Mayor Adams later said the positive test was a false alarm resulting from a lab error by a private testing company.
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4 comments:

  1. East Side BoyFebruary 21, 2025 at 2:20 PM

    $531,000 per unit???????????

    ReplyDelete
  2. NeighborFebruary 21, 2025 at 2:53 PM

    If the repair cost is really $941 million they should just tear these buildings down and build something new (and hopefully with more apartments). I can't imagine it's much more.

    ReplyDelete
  3. ------mFebruary 21, 2025 at 11:56 PM

    ...and to which developer do you belong ?

    ReplyDelete
  4. BrianFebruary 22, 2025 at 3:59 AM

    What sense does the vote make?

    ReplyDelete

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