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June 12, 2018

NYC to spend $2B on public housing

NEW YORK (AP) — New York City will likely pay $2 billion to settle claims that the nation's largest public housing agency has too often left tenants to contend with lead paint, malfunctioning elevators and rats.

The city agreed in a consent decree in Manhattan federal court to pay $1 billion over four years and $200 million annually until problems are overcome. The deal also calls for the appointment of a monitor to oversee the city-run public housing authority during the 10-year span of the agreement.


 
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