Due to a budget shortfall of $225 million, the New York City Housing Authority (NYCHA) will be selling off property that would have been used as middle income housing. The NYCHA approved its budget for fiscal 2007 last week, trimming the fat to make up for the major deficit. More than 500 jobs will be cut from the agency by October, which is desperate enough to start selling off parking lot space in an attempt to raise $50 million. The budget problem announcement coincides with a rally that was held by the New York State Tenants and Neighbors Coalition. More than 7,000 tenants, union and labor leaders as well as elected officials marched from Peter Cooper Village and Stuyvesant Town to Union Square on May 23. “We are trying to change the laws to make the situation for tenants in New York State better,” said Natasha Winegar, rent regulation coordinator for Tenants and Neighbors, “We wanted to get a strong message to Albany.”