Last year, when Mayor de Blasio issued his proposal for the city’s budget, he expressed concern about a growing deficit that would adversely affect millions of New Yorkers and the city’s ability to provide essential services.
In his budget presentation, he cited his greatest concerns. Public housing, home for nearly 500,000 residents, was listed among the top problems the city faced. The Mayor went on to unveil a plan his team devised to help reverse the downward economic spiral of NYCHA, entitled: “Next Generation NYCHA.” Calling it “a 10-year roadmap…to stabilize the (Housing) Authority,” NextGen included ideas to generate new funding as well as ways to improve management efficiency and save money.
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