Governor to Release $450m in Old NYCHA Funds, Assemblyman Cymbrowitz Announces
New York City Housing Authority (NYCHA) developments will finally have the opportunity to benefit from $450 million in previously allocated capital funds that Governor Cuomo agreed to release today, Assemblyman Steven Cymbrowitz (D-Brooklyn), Chair of the Assemblys Housing Committee, has announced.
The fight with the Governor is finally over, Assemblyman Cymbrowitz said. The much-needed funds allocated by the Legislature will be used for boilers and elevators at NYCHA developments to benefit its 400,000 residents.
The $450 million includes $250 million allocated as part of the 2018-19 SFY budget and $200 million allocated the previous year.
Assemblyman Cymbrowitz has appealed to Gov. Cuomo on numerous occasions to release the $450 million in withheld NYCHA funds, citing NYCHAs urgent capital needs and the failure of both the state and federal governments to adequately assist tenants living without heat and in substandard conditions. NYCHA is the largest public housing authority in the nation, operating 326 developments throughout the five boroughs.
The States long-term disinvestment was one of the multiple levels of governmental neglect that left so many of NYCHAs essential capital needs unmet and contributed to the serious challenges that NYCHA currently faces, Assemblyman Cymbrowitz said.
In addition to asking for the release of the previously allocated funds, the Assemblys fiscal year 2019-20 one-house budget committed $300 million for NYCHA and an additional $100 million available to other housing authorities across the state. Any new NYCHA money will be discussed moving forward.
There are still billions of dollars in critical infrastructure needs remaining, Assemblyman Cymbrowitz said. My colleagues and I will continue to stand with our fellow New Yorkers to repair NYCHA and strive toward a better future for the families that call NYCHA apartments home.