New York City to Sell Public-Housing Stake to Developers – WSJ

NY CHA to receive $278k/unit plus another $110K/unit over 15 years for a 50% interest in 900 Section 8 units in the Bronx, Brooklyn and Manhattan. In addition,  the acquiring developers will invest another $110k/unit in renovations. Those are some NY – sized numbers.

http://www.wsj.com/articles/new-york-city-to-sell-public-housing-stake-to-developers-1418004966?ref=/news-real-estate-homes

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