Program housing · 10/22/2026
NYCHA Completes $636M PACT Renovation of Reid & Park Rock Homes
NYCHA and its PACT program finished a $636 million renovation of Reid & Park Rock in East Brooklyn. Work included new kitchens, baths, floors, elevators, mechanical systems, security, free wi-fi and community spaces. Financing came from public and private sources, including HDC and equity from the Vistria Group, with Merchants Capital as a financial partner.
Reported by BK ReaderRead the original ↗
What happened
The New York City Housing Authority (NYCHA) and its Permanent Affordability Commitment Together program (PACT) held a ribbon cutting on Oct. 16 for a $636 million renovation of the Reid & Park Rock homes in East Brooklyn. BK Reader reported the news on Oct. 22.
The work covered 87 buildings and 1,696 homes, which BK Reader also described as nearly 1,700. Nearly 3,000 residents live there. The homes are spread across Brownsville, Ocean Hill, East New York and Crown Heights.
Inside the apartments, the work included new kitchens and bathrooms, new floors and appliances, modernized mechanical systems, better lighting, elevator upgrades and accessibility improvements. Outside, it included new storefronts, new community spaces, free wi-fi across the development, landscaping and added security. Residents can also get support services through a partnership with Black Veterans for Social Justice. These services include healthy food programs, workforce development, youth programs and senior services.
NYCHA chose to include Reid & Park Rock in PACT in 2020. Construction started in April 2024. The project was paid for with a mix of public and private money. That included support from the New York City Housing Development Corporation (HDC) and equity from the Vistria Group, a private investment firm. Merchants Capital was a financial partner on the deal.
Key facts
- Development
- Reid & Park Rock homes, East Brooklyn
- Neighborhoods
- Brownsville, Ocean Hill, East New York and Crown Heights
- Units
- 1,696 homes in 87 buildings
- Residents
- Nearly 3,000
- Cost
- $636 million
- Agency and program
- NYCHA, through PACT
- Financing
- NYC Housing Development Corporation support, Vistria Group equity, Merchants Capital as financial partner
- Timeline
- Added to PACT in 2020. Construction began April 2024. Ribbon cutting Oct. 16
What it means
Tenants and voucher holders
Current Reid & Park Rock residents should now have renovated kitchens, bathrooms, elevators and building systems, plus free wi-fi. They can also use the on-site services offered through Black Veterans for Social Justice.
Caseworkers
Clients living at Reid & Park Rock now have a local partner, Black Veterans for Social Justice, for food programs, job training, youth programs and senior services. Confirm the details with the provider before you refer anyone.
Landlords
This is a NYCHA project, so private landlords are not directly affected. It does show the scale of public and private money going into PACT renovations in East Brooklyn.
The highlights
- 1,696 homes across 87 buildings now serve nearly 3,000 residents.
- Homes are in Brownsville, Ocean Hill, East New York and Crown Heights.
- Construction began in April 2024, and the ribbon was cut on Oct. 16.
Why it matters
Shows PACT delivering large-scale NYCHA repairs, a model that affects conditions and services for thousands of Brooklyn public housing tenants.
Not known yet
- Which company now manages the buildings day to day
- Whether residents' rents or lease terms changed as part of the PACT conversion
- How residents sign up for the Black Veterans for Social Justice services
- Whether any of the renovated apartments are vacant or open to new applicants
Background
PACT is NYCHA's program for bringing private and nonprofit partners into public housing to fund repairs. In most PACT conversions, a development moves to a federal Section 8 funding platform, and a private partner takes over renovation and management while NYCHA keeps ownership of the land. Residents generally keep their right to stay and continue to pay rent based on a share of household income, usually about 30 percent.
Summary written by Bulwark from BK Reader’s reporting. The original story is at bkreader.com. This is general information, not legal advice.
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Photo: Andre Carrotflower, CC BY-SA 4.0