NYC housing officials only give projects to contractors willing to bribe them
“70 New York City Public Housing Authority employees charged — The allegations involved nearly 1/3 of 2400 buildings in New York City”
“Many contractors paid these bribes because if they didn't, the… pic.twitter.com/WRGAGC6hJR
— Wall Street Apes (@WallStreetApes) December 9, 2024
New York City is currently engulfed in a massive corruption scandal involving its housing officials. Seventy employees of the New York City Public Housing Authority have been charged with accepting bribes from contractors. This scandal impacts nearly one-third of the 2,400 buildings managed by the authority, revealing a deeply entrenched culture of corruption.
The shocking details include the fact that many contractors felt compelled to pay these bribes out of fear that they would lose the contracts if they didn’t comply. The accused employees, who include superintendents and assistant superintendents, allegedly took $2 million in kickbacks from contractors. These bribes were demanded in exchange for awarding no-bid contracts, which are typically for essential repairs and construction work.
The impacts of this corruption are far-reaching. It undermines public trust in the housing authority and drives up the costs of repairs, diverting funds that could have been used to improve living conditions for residents. The city’s public housing authority, which receives over $1.5 billion in federal funding annually, is now under intense scrutiny as efforts to root out corruption continue.
This scandal is reminiscent of other high-profile corruption cases in public institutions, where officials have abused their positions for personal gain.
Sources:
https://www.apnews.com/article/public-housing-corruption-arrests-c223c2bdc0d5e52b1f8b064fceb7bc75