City’s Public Housing Agency Gets $305 Million in Aid

clipped from www.nytimes.com City’s Public Housing Agency Gets $305 Million in Aid By CARA BUCKLEY The city’s largest landlord has secured desperately needed financing that could help steer it out of the red. Under a labyrinthine deal that federal and state lawmakers and city officials raced to complete in less than six months, the landlord, the New York City Housing Authority, will receive about $230 million for rehabilitating 21 developments that have received no subsidies for the past seven years. The money will come from federal stimulus money and public and private sources, and another $75 million from the federal government for the buildings’ annual operating costs.