![Rendering of Wise Towers - Permanent Affordability Commitment Together [PACT]](https://newyorkyimby.com/wp-content/uploads/2020/12/IMG_1725.jpg)
NYCHA, Affordable Housing Groups, and Private Developers Forge $271M Deal to Upgrade Public Housing Throughout Manhattan
The NYCHA has revealed plans to significantly renovate and repair its aging portfolio of affordable housing properties in a deal valued at $271 million. Referred to as PACT, or Permanent Affordability Commitment Together, the consortium of public and private entities has committed to renovations on 16 individual buildings including 1,718 apartments throughout Manhattan.