Government, New York City Authority Reach Lead Hazard Deal Worth At Least $1.4B

NEW YORK - The U.S. attorney for the Southern District of New York on June 11 announced that he has reached a lead hazard settlement with the New York City Housing Authority (NYCHA) that imposes a federal monitor, requires the city to provide $1.2 billion of additional capital funding to NYCHA over the next five years and requires the city to provide $200 million every year thereafter until the problems are fixed and the consent decree is no longer necessary (United States v. New York City Housing Authority, No. 18-5213, S.D. N.Y.).
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