Stringer: NYC Housing Authority missed out on $700 million
City-owned housing projects are crumbling, yet the New York City Housing Authority (NYCHA) missed out on almost $700 million in revenue and cost savings opportunities, according to an audit carried out by city Comptroller Scott Stringer.
Funds available to NYCHA for lighting, boilers and hot water heaters “never saw the light of day,” Stringer said. On Wednesday, he held a press conference at the ten-building Farragut Housing Projects in Downtown Brooklyn, adjacent to the Brooklyn Navy Yard.
The Farragut Houses were the scene of a tragic shooting in August, and are on the short list to have security cameras installed by the city.