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NYCHA Infill Sites Presentation for Campos Plaza
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NYCHA Infill Sites Presentation for Campos Plaza

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Campos Plaza has a $27.2 million unmet need for capital building improvements.

Campos Plaza has a $27.2 million unmet need for capital building improvements.

Published in: Business, Real Estate

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  • Presenter – Commissioner López
  • Presenter – Commissioner López
  • Presenter – Commissioner López
  • Presenter – Commissioner López
  • Presenter – Commissioner López
  • Presenter – Commissioner López
  • Presenter – Commissioner López will ask staff from Capital Projects and Operations to explain Capital and OperationFunding – Rebecca Finlan from Capital Projects- Luis Ponce form Operations
  • Presenter – Rebecca Finlan, Capital Projects
  • Presenter – Luis Ponce, Operations
  • Presenter – Commissioner López will present this slide and then turn over presentation to EVP Fred Harris$6 Billion is the current unmet capital need$7.4 is the unmet capital need for the next 5 years for a total amount of $13.4 Billion
  • Presenter –Executive Vice President for Development, Fred HarrisHand off to Operations Presenter
  • Presenter –Executive Vice President for Development, Fred Harris
  • Presenter –Executive Vice President for Development, Fred Harris
  • Presenter –Executive Vice President for Development, Fred Harris
  • Presenter –Executive Vice President for Development, Fred Harris who will then turn it over to Commissioner López.Commissioner López will then introduce Patricia Barrera, Sr. Deputy Director for Development
  • Presenter - Patricia Barrera, Sr. Deputy Director for Development who will ask that her team introduce themselves.
  • Presenter - Patricia Barrera, Sr. Deputy Director for Development
  • Presenter – Timothy McManus, Associate Housing Development Specialist
  • Presenter – Timothy McManus, Associate Housing Development SpecialistExisting Uses That Will Be Displaced By Infill:45 parking spaces (33 NYCHA permit holders)Compactor yard with one bulk container and one pre-crusherBasketball and handball courtsParking Policy: NYCHA continue to provide parking spaces for all current Campos Plaza I and II resident permit holders (a total of 59 spaces)Relocation Options (in blue) and Grounds Improvement :Compactor yard on former handball courtParking lot on north side of East 13th Street expanded to East 14th Street and parking lot on Avenue C reconfigured for any additional spacesCentral Plaza will be redesigned with participation of all Campos Plaza residents (could include new play area, seating area, or a basketball court)
  • Presenter – Timothy McManus, Associate Housing Development SpecialistExisting Uses That Will Be Displaced By Infill:45 parking spaces (33 NYCHA permit holders)Compactor yard with one bulk container and one pre-crusherBasketball and handball courtsParking Policy: NYCHA continue to provide parking spaces for all current Campos Plaza I and II resident permit holders (a total of 59 spaces)Relocation Options (in blue) and Grounds Improvement :Compactor yard on former handball courtParking lot on north side of East 13th Street expanded to East 14th Street and parking lot on Avenue C reconfigured for any additional spacesCentral Plaza will be redesigned with participation of all Campos Plaza residents (could include new play area, seating area, or a basketball court)
  • Presenter – EVP Fred Harris
  • Presenter – EVP Fred Harris
  • Commissioner Lopez and team will field questions from the audience
  • Transcript

    • 1. 79 Years Strong
    • 2. 2Campos PlazaMarch 2013Preserving Public Housing
    • 3. A Roadmap for PreservationEnsures that public housing remains available forcurrent and future generations of New Yorkers3
    • 4. Plan NYCHA Development NYCHA worked hand in handby hosting dozens of meetingswith residents, electeds,community partners andemployees Thousands of residentsprovided input into proposalsincluding:o Looking at ways to use NYCHA’smost valuable asset –our land- togenerate revenueo Development of new mixed-use,mixed-income housing to supportmore families in need4
    • 5. A Roadmap for the FutureA Call to: Preserve publichousing – buildings,communities andopportunities Restore financialstability Transform the way wedo things Improve services5
    • 6. Why Now?NYCHA Is Struggling To Get Ahead Severe governmentfunding shortages Unmet capital needs Structural operatingdeficit Regulatory burdenshinder us fromcontrolling costs Aging and decayingbuildings6
    • 7. Two Different FederalFunding StreamsCapital:► Covers roofs, bricks,elevators andelectrical, plumbingand heating systems► Requires long termplanning► Calls for complex andlengthy executionOperating:► Covers buildingmaintenance andrepairs, day to dayoperations andadministration► Based on HUD fundingformula that shortchanges NYCHA7
    • 8. -$900-$800-$700-$600-$500-$400-$300-$200-$100$02001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012InMillionsofDollars Insufficient Capital Funds ForRehabilitation Needs8Underfunded by$876 Million
    • 9. -$800-$700-$600-$500-$400-$300-$200-$100$02001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012Loss Of Operating Dollars ForMaintenance, Repairs And Services9$ 750 MillionDeficitDollarsinMillions
    • 10. $13.4 Billion Unmet Capital NeedNYCHA Wide for the Next 5 Years Campos Plaza I –$7.5 Million in capitalneeds Campos Plaza II –$19.7 Million Total $27.2 Millionneeded for capitalimprovements10
    • 11. Plan NYCHAIs Our Plan Of ActionTo restorefinancial stabilityby looking forother sources oflong-termfundingopportunities11
    • 12. Proposed Plan will help Preserve PublicHousing for Current and Future Families NYCHA would lease (notsell)14 parcels of land locatedwithin 8 developments Income generated will bededicated to buildingimprovements for publichousing Private developers will payNYCHA for the right to build onleased land that NYCHA owns(and will continue to own) The developers will finance,construct, and operate newresidential buildings. Approximately 80% of theapartments will be market rateand 20% will be permanentlylow income12
    • 13. Setting the Record StraightThe Development Plan Will: Not increase rent for NYCHAresidents due to the newdevelopments. Not demolish public housingapartments Not displace NYCHA families Not privatize – NYCHA will still bethe landlord Not selling the land; NYCHA willown the land under the newbuildings. Not result in job losses or increasedwork requirements for NYCHApersonnel.13
    • 14. NYCHA’s Core Principles for Development Location of new buildings alongstreet fronts to encouragepedestrian traffic and campusintegration with the neighborhood Replacement of all parkingspaces for all current parkingpermit holders at impacteddevelopments Compactor yards relocated oncampus Where space is available, otherimpacted areas will be relocated,replaced and/or reconfigured(i.e., seating areas and gardens) NYCHA will remain your landlordand retain ownership of the landunder the new buildings via99-year ground leases14
    • 15. Benefits NYCHA Wide This initiative will generate between $30 Millionand $50 Million of funding on a yearly basis for99 years (term of ground lease) New funding streams will be used to improve thequality of life of NYCHA residents by funding aportion of critical capital improvements This initiative will generate approximately 800permanently low income housing units for lowincome New Yorkers NYCHA residents will be given a preference forthe low-income units15
    • 16. Campos Plaza I & II: What does this mean?161,229 residents live at Campos Plaza I & II
    • 17. Campos Plaza I & II: Development Site17
    • 18. Development Opportunity at Campos PlazaDevelopment Site: Site Area: 26,122 SF New Construction: 90,000 SF(approx.) Rent and utilities will NOTexceed 30% of your income Affordable units will beavailable to households withincomes at or BELOW 60% ofArea Median Income (AMI)18Maximum Allowable Income1 person $ 36,1202 person $ 41,2803 person $ 46,4404 person $ 51,540
    • 19. Campos Plaza Today19
    • 20. Possible Relocation of Site Uses20
    • 21. Benefits for Campos Plaza Residents Preference for low incomeapartments in the newbuildings Affordability restrictions arepermanent Alternative power for systemsduring blackouts such ashallway and stair lighting, heatand hot water, elevators andsecurity Construction and permanentjob opportunities for NYCHAresidents Enhanced security features forthe entire development21
    • 22. Closing Statement22
    • 23. 23Q & A