Dear New Yorkers, Yesterday, Mayor Eric Adams announced new leadership for the New York City Housing Authority. The move comes at a moment when the nation’s biggest public housing authority is facing a near-existential crisis — forced to squeeze every penny out of some households, while also confronting tenants who have simply stopped paying their rent. Interim NYCHA Chief Executive Officer Lisa Bova-Hiatt will become the official CEO, while Jamie Rubin, a financial advisor and former top aide to ex-Gov. Andrew Cuomo, will become the chair of the authority’s board. (Rubin is a donor to THE CITY.) For months, NYCHA has labored under a gap in permanent leadership. Bova-Hiatt has been serving in the interim role for nearly a year, while the position of board chair has been held by an interim appointment since January. Two of NYCHA’s seven board slots had been vacant for months. The appointments come as the perennially struggling housing authority estimates it needs $40 billion to fully upgrade its aging portfolio of 172,000 apartments. Read more here.
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