$200MM UPGRADE TO NYCHA HEATING & BOILER SYSTEMS

Mayor de Blasio Invests $200 Million to Replace Boilers and Upgrade Heating Systems at 20 NYCHA Developments Part of the Mayor’s unprecedented investment in NYCHA including $2.1 billion in capital infrastructure and $1.6 billion in operating funds Mayor Bill de Blasio recently announced a $200 million investment to replace boilers and upgrade heating systems at 20 NYCHA developments experiencing chronic outages. This funding will go towards replacing outdated boilers, and modernizing heating system controls and hot water-making technology. These renovations will be finished by 2022, and will benefitting approximately 45,000 residents. Furthermore, these upgrades will help NYCHA save approximately $5 million per year in energy costs. This latest investment brings the Mayor’s total commitment to NYCHA’s capital infrastructure to $2.1 billion from Fiscal Year 2014 to Fiscal Year 2027 and $1.6 billion in NYCHA’s…

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