??? #NYCHA’s $1.5 Billion Chelsea Redevelopment: A Model for Public Housing Transformation? New York City's ongoing housing crisis has pushed the New York City Housing Authority (NYCHA)) to propose an innovative solution for its aging public housing infrastructure. NYCHA's ambitious $1.5 billion plan for the Fulton and Elliott-Chelsea Houses in Manhattan aims to replace outdated buildings with modern, mixed-income structures, introducing nearly 1,000 affordable units and over 2,000 market-rate apartments to the heart of Chelsea. This project, however, goes beyond just housing; it envisions enhanced parks, new retail spaces, and vibrant community centers, all designed to create an inclusive neighborhood for both existing and new residents. Central to this plan is NYCHA's partnership with private developers, which will provide the necessary funding and management expertise. While similar public-private partnerships, such as the RAD program, have recently shown success in improving housing conditions without displacing residents, the path ahead is not without its challenges. Ensuring transparency and fostering community engagement will be vital to guarantee that the redevelopment truly benefits current residents. Given that NYCHA oversees the nation's largest public housing portfolio, this initiative could represent a monumental stride towards providing New Yorkers with stable, modern, and dignified housing. Full story The New York Times: https://on.nyc.gov/4hNiH6h #AffordableHousing #PublicHousing #PACT #ElliottChelsea
Chelsea houses need an upgrade.
Senior Project Accountant
5 天前I'm thrilled to see the $1.5 billion redevelopment plan for the Fulton and Elliott-Chelsea Houses in Manhattan. As a family member of a longtime resident, I've witnessed firsthand the need for upgraded infrastructure, safety, and community resources. This project promises not only to revitalize the physical space but also to foster a stronger, more inclusive community. I'm eager to see the positive impact this transformation will bring to the residents and the neighborhood. #NYCHA #ChelseaRedevelopment #PublicHousingTransformation #chelseaprojects #fultonprojects