June 25, 2019
The New York City Housing Authority (NYCHA) announced the selection of the development team that will fully address the physical needs at 16 Manhattan developments.
As part of NYCHA’s Permanent Affordability Commitment Together (PACT) program, more than 2,900 residents will benefit from comprehensive upgrades to 1,718 apartments and common areas. Those improvements include new kitchens, bathrooms, and flooring in each apartment, all of which will be renovated while residents remain in place. Vital enhancements to the buildings’ elevator, security, and heating systems will also be prioritized for each development, as well as other needs identified by residents via a collaborative process that will take place in the coming months.
A joint venture of six qualified partners called the PACT Renaissance Collaborative —Community Preservation Corporation (CPC), The Community Development Trust (CDT), Monadnock Development LLC, Lemor Development Group, Kalel Holdings LLC, and the Community League of the Heights (CLOTH) — will together oversee the rehabilitation and management of the 16 Manhattan developments and coordinate enhanced social services delivery to residents. This joint venture also includes Community Development Financial Institutions (CDFIs) and M/WBE firms.
Visit NYC Housing Authority to read more.
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