Use what money? Those are tax exemptions that make those projects feasible. Let’s say the city exempts $50 million in those taxes to create that housing. If you take away the tax exemption, it doesn’t suddenly have an extra $50 million. It’s also not enough. NYCHA needs like $40 billion with a B.
DetectiveMoron t1_j76jcc2 wrote
Reply to comment by queensnyatty in NYCHA has 6,000 vacant units as it struggles to quickly make repairs by drpvn
Use what money? Those are tax exemptions that make those projects feasible. Let’s say the city exempts $50 million in those taxes to create that housing. If you take away the tax exemption, it doesn’t suddenly have an extra $50 million. It’s also not enough. NYCHA needs like $40 billion with a B.