The New York City Housing Authority told City Council yesterday that the "existing financial model for public housing is unsustainable." The organization faces a $98 million budget gap this year, and says that number will grow to $400 million by 2025 if the state and federal governments do not intervene. Meanwhile, NYCHA is coming under scrutiny for selling off unused cleanup and repair supplies for pennies on the dollar. [NYDN; previously]
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