New York State Plans To Spend $300 Million On Elevators

Governor Kathy Hochul announced today, Friday, January 6, 2023, that New York State will spend $300 million to replace elevators in 20 buildings. Phase I of the project has begun.

Gov. Hochul, New York City Mayor Eric Adams, and interim New York City Housing Authority CEO Lisa Bova-Hiatt say work has started to replace 335 elevators at 20 New York City Housing Authority developments. The project is part of a $300 million funding agreement with the Dormitory Authority of the State of New York. The replacements will modernizing the buildings elevator infrastructure, per the 2019 U.S. Department of Housing and Urban Development agreement. Gov. Hochul said,

With this important milestone, NYCHA is set to begin major building improvements, leveraging $300 million in state investment to improve the homes and lives of thousands of New Yorkers. Right now, as our state faces a dire shortage of safe, stable, and accessible housing, my administration is committed to preserving our housing stock — which is why I signed legislation to create the New York City Public Housing Preservation Trust last year. I am proud to partner with NYCHA, its residents, and local and state officials, and look forward to even more opportunities to grow and support NYCHA communities.

 

The new elevators will benefit almost 34,000 residents in approximately 16,000 apartments at the 20 developments, including six senior-designated campuses. The current elevators were installed more than three decades ago, in 1990. The typical life of a multifamily residential property elevator is 15 to 20 years.

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