City public housing gets $300 million in aid

The New York City Housing Authority will receive around $300 million in funds from federal and private sources.

The funds will go toward renovating and maintaining more than 20,000 public housing units. Private funds make up the majority of the aid at $210 million. Federal funds will provide an additional $65 to $75 million.

The Housing Authority says a limited, private partnership was the only way to obtain funds. Authority Chairman John B. Rhea said he is confident rents will not increase as a result.

AP wires contributed to this story

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 5 view limit
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please login, create an account or subscribe to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."