Reuters
For years city officials have lied to cover up squalid conditions in public housing, authorities said Monday in announcing that the de Blasio administration has agreed to pay $2.2 billion to settle a federal probe into the horrendous living conditions in the Big Apple’s housing projects
The historic deal will ultimately inject up to $4 billion into New York City Housing Authority buildings for improvements, including money from the state, sources said.
Under the settlement, the city will provide $1.2 billion of capital funding to the New York City Housing Authority over the next five years and an additional $1 billion in capital funds over and above what the City has budgeted over a four-year period.
Once that money has been spent, the city has also agreed to an additional $200 million per year from the city until the problems are considered fixed and the consent decree is no longer deemed necessary.