The New York City Housing Authority, home to more than 400,000 New Yorkers, is falling apart. Long plagued by mold, lead paint, structural cracks, and failing elevators, boilers, and locks, the authority of over 177,000 units in 335 developments across the five boroughs is in need of a staggering $40 billion in physical repairs over the next ten years and faces an immediate operating budget deficit of about $300 million.