An executive of the New York Housing Authority becomes president of the nonprofit whose goal is to raise $200M to improve public housing.
"Affordable housing in New York City is a huge issue, and no one knows that better than the New York City Housing Authority. Some 270,000 families are on NYCHA's waiting list for housing, and the agency also faces a financial crisis.
"Can philanthropy solve this problem? That's the idea behind a newly created nonprofit, the Fund for Public Housing, which has a big goal: raising $200 million over the next three years to improving public housing for over 600,000 residents."--Alyssa Ochs, Inside Philanthropy