HOPE VI redevelopment program (1992-2010)
The federal HOPE VI program funded demolition and redevelopment of severely distressed public housing. Housing authorities partnered with private developers to tear down aging high-rises and build mixed-income communities, spending about $6 billion.
Roughly 100,000 public housing units were demolished and replaced with a mix of affordable and market-rate housing.
The program drew criticism for reducing the stock of deeply affordable units and displacing residents. It established the template of public-private partnership in public housing that PACT extends.
PACT is a direct descendant of HOPE VI, using the same private-capital approach while keeping NYCHA ownership intact.
