Home Real Estate NYCHA Closes $636M PACT Project to Renovate BK Residents 
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NYCHA Closes $636M PACT Project to Renovate BK Residents 

The New York City Housing Authority (NYCHA) closed a $635.6 million deal for Reid Apartments and Park Rock Consolidated, initiating significant renovations for 3,500 residents across 15 East Brooklyn developments.  

All of the buildings have now converted to Project-Based Section 8 through the federal Rental Assistance Demonstration (RAD) program, and capital funding will allow the selected PACT partner team to begin fully rehabilitating nearly 1,700 apartments at 15 developments: 104-14 Tapscott Street, Fenimore-Lefferts, Lenox Road-Rockaway Parkway, Ralph Avenue Rehab, Reid Apartments, Rutland Towers, Sutter Avenue-Union Street, and Tapscott Street Rehab, which are consolidated under the Reid Apartments banner; and Crown Heights, Howard Avenue, Howard Avenue-Park Place, Ocean Hill-Brownsville, Park Rock Rehab, Sterling Place Rehabs (Saint Johns-Sterling), and Sterling Place Rehabs (Sterling-Buffalo) from the Park Rock Consolidated bundle. 

The project underscores the commitment to preserving affordable housing, transforming properties, and enhancing the lives of NYCHA residents in Brooklyn. 

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