The bill provides $300 million in funding to the New York City Housing Authority (NYCHA) for rehabilitating vacant units.

The bill, known as the "NYCHA - innovating neighborhoods through viable efficient solutions for tenants act," allocates $300 million to NYCHA for the rehabilitation of vacant units. The funding is divided into three batches: $25 million for 500 units with minimal damage, $100 million for 1,000 units with substantial damage, and $150 million for 1,000 units with major structural damage. Each batch has specific criteria for damage and repair needs. NYCHA must submit a detailed plan for each batch to the Division of Housing and Community Renewal before receiving funding.

The bill provides $300 million in funding to the New York City Housing Authority (NYCHA) for rehabilitating vacant units.

The bill, known as the "NYCHA - innovating neighborhoods through viable efficient solutions for tenants act," allocates $300 million to NYCHA for the rehabilitation of vacant units. The funding is divided into three batches: $25 million for 500 units with minimal damage, $100 million for 1,000 units with substantial damage, and $150 million for 1,000 units with major structural damage. Each batch has specific criteria for damage and repair needs. NYCHA must submit a detailed plan for each batch to the Division of Housing and Community Renewal before receiving funding.