Sunday, March 29, 2015

EXCLUSIVE: NYCHA selling off green space to developers

Tenant leader Lisa Kenner shows where developers want to build apartments at NYCHA's Van Dyke Houses in Brooklyn.EXCLUSIVE: NYCHA selling off green space to developers - NY Daily News

The housing authority is quietly selling off parking lots, green space and playgrounds to developers — a spree that will create more affordable housing and help ease NYCHA’s budget woes.

NYCHA has sold small parcels here and there over the years, but in 2011 began to ratchet up its sales effort, a Daily News review found. Since 2013, they’ve sold off 54 plots with 441,000 square feet of public land to private developers, records show.