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VisualPolitik EN published this video item, entitled “The NIGHTMARE of NYC’s 180,000 PUBLIC housing units ($32 billion GAP) – VisualPolitik EN” – below is their description.
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New York, that concrete jungle where dreams are made, as rapper Jay-Z would say, is also one of the most expensive cities in the world. The average rent for a two-bedroom apartment in this city is $2,695 a month, $3,500 in pre-pandemic times.
To address this situation and facilitate access to housing for the most disadvantaged groups, the New York City Housing Authority, better known as NYCHA, operates in the city. This is a public entity that has more than 180,000 housing units that it rents at prices well below market rates.
The scheme had good intentions but the result has been very bad: a hole of more than $30 billion and a lot of conflict and integration problems. Now, Mayor Bill de Blasio’s government team has a plan to solve its problems but will it succeed? In this video we tell you all the details about one of the biggest failures of American social policy.
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In This Story: New York City
New York City (NYC) is located in the U.S. state of New York. The city is the center of the New York metropolitan area, the largest metropolitan area in the world with approximately 23 million people in its combined statistical area.
New York City has been described as the cultural, financial, and media capital of the world, hosting the headquarters of the United Nations, as well as the New York Stock Exchange.