Mayor Eric Adams has announced significant progress in the Permanent Affordability Commitment Together (PACT) program, a public-private partnership aimed at renovating aging NYCHA buildings. As of December 2024, NYCHA has secured nearly $7 billion in investments, facilitating comprehensive repairs for over 7,600 residents.

The PACT initiative plans to convert 62,000 units to public-private partnerships by 2028, allowing NYCHA to retain ownership while leasing properties to private or non-profit entities responsible for renovations and daily operations. To date, 36,103 apartments across 137 developments have undergone or are in the process of conversion.

While supporters highlight the program's role in addressing NYCHA's estimated $80 billion in capital needs, critics express concerns about increased eviction rates under private management. A December 2024 audit by NYC Comptroller Brad Lander revealed that eviction rates at PACT-managed properties have more than tripled in the past year, now closely resembling citywide eviction rates.

As the PACT program progresses, balancing financial efficiency with tenant protections remains crucial. The rising eviction rates prompt a critical question: Can the initiative effectively revitalize public housing without compromising resident stability?