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The Mayor’s solution is NextGeneration NYCHA. "NextGen" aims to resolve the financial issues by selling off properties to private developers and/or shifting buildings into private management and apartments from Section 9 into Section 8 (also known as RAD - Rental Assistance Demonstration).
Read more: City calls for developers to build affordable housing on four NYCHA sites: https://therealdeal.com/2017/06/02/city-calls-for-developers-to-build-affordable-housing-on-four-nycha-sites/
In East Williamsburg, Plan to Build On Public Housing Property Gets Frosty Reception: http://bedfordandbowery.com/2017/12/in-east-williamsburg-plan-to-build-on-public-housing-property-gets-frosty-reception/
CityViews: NYCHA Must Fix Our Homes Before Developing New Ones: https://citylimits.org/2018/10/30/cityviews-nycha-must-fix-our-homes-before-developing-new-ones/