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NEW YORK — 1000’s of crumbling NYCHA flats may lastly be getting desperately wanted repairs.
Thursday, the state legislature handed the New York Metropolis Public Housing Preservation Belief.
NYCHA chair Gregory Russ says the belief provides the company the power to boost billions of {dollars} in capital funds to hurry up repairs and make long-overdue investments.
NYCHA estimates it wants $40 billion to completely renovate all of its buildings.
Gov. Kathy Hochul is anticipated to signal the invoice into regulation.
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