One day after the West New York Housing Authority announced a $24 million renovation project, the Union City Housing Authority said they are expecting a $16 million renovation that will come from the same type of federal funding, according to Executive Director Virgil Cabello.Â
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Cabello explained that the UCHA has been informally approved for a $16 million authority improvement program, which will be paid for by federal Rental Assistance Demonstration (RAD) funding, later clarifying that he was notified of the “good news” through a phone call and is waiting for the formal paperwork to be sent through.
“The housing authority becomes like a section 8 voucher program … we have to put a development team together that consists of architects, a finance team, the engineers, attorneys, to put this whole package together,” Cabello explained at Tuesday’s housing authority meeting.
Cabello later added that the improvement project would cost roughly $35,000 per unit, a number nearly identical to what West New York Housing Authority Executive Director Robert DiVincent said it would cost for each unit: $34,000.
The Union City Housing Authority consists of 455 units, compared to 715 for West New York.