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NYCHA Infill Sites Presentation for Resident Meeting 3-14-13 Washington
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NYCHA Infill Sites Presentation for Resident Meeting 3-14-13 Washington

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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 – staff from Capital Projects - staff from Operations
  • Presenter – 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
  • 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 Bernel Hall, Sr. Portfolio Manager for Development
  • Presenter – Bernel Hall- Senior Portfolio Manager
  • Presenter – Bernel Hall- Senior Portfolio ManagerExisting 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 – Bernel Hall- Senior Portfolio Manager
  • Presenter – EVP Fred Harris
  • Presenter – EVP Fred Harris
  • Commissioner Lopez and team will field questions from the audience

Transcript

  • 1. 79 Years Strong
  • 2. 3Washington HousesMarch 2013Preserving Public Housing
  • 3. A Roadmap for PreservationEnsures that public housing remains available forcurrent and future generations of New Yorkers4
  • 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 need5
  • 5. A Roadmap for the FutureA Call to: Preserve publichousing – buildings,communities andopportunities Restore financialstability Transform the way wedo things Improve services6
  • 6. Why Now?NYCHA Is Struggling To Get Ahead Severe governmentfunding shortages Unmet capital needs Structural operatingdeficit Regulatory burdenshinder us fromcontrolling costs Aging and decayingbuildings7
  • 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 NYCHA8
  • 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 Needs9Underfunded by$876 Million
  • 9. -$800-$700-$600-$500-$400-$300-$200-$100$02001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012Loss Of Operating Dollars ForMaintenance, Repairs And Services10$ 750 MillionDeficitDollarsinMillions
  • 10. $13.4 Billion Unmet Capital NeedNYCHA Wide for the Next 5 YearsWashingtonHouses has a$52 Millionneed for capitalimprovements11
  • 11. Plan NYCHAIs Our Plan Of ActionTo restorefinancial stabilityby looking forother sources oflong-termfundingopportunities12
  • 12. Proposed Plan will help Preserve PublicHousing for Current and Future Families NYCHA would lease (notsell) 14 parcels of landlocated within 8developments Income generated will bededicated to buildingimprovements for publichousing The developers will finance,construct, and operate newresidential buildings.13
  • 13. Proposed Plan will help Preserve PublicHousing for Current and Future Families Private developers willpay NYCHA for the rightto build on leased landthat NYCHA owns (andwill continue to own) Approximately 80% ofthe apartments will bemarket rate and 20% willbe permanently lowincome 14
  • 14. 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 sell the land; NYCHA will ownthe land under the new buildings. Not result in job losses or increasedwork requirements for NYCHApersonnel.15
  • 15. NYCHA’s Core Principles for Development Location of new buildings alongstreet fronts to encouragepedestrian traffic and campusintegration with theneighborhood Replacement of all parkingspaces for all current residentlegal permit holders at impacteddevelopments Compactor yards relocated oncampus16
  • 16. NYCHA’s Core Principles for Development Where space is available,other impacted areas willbe relocated, replacedand/or reconfigured (i.e.,seating areas and gardens) NYCHA will remain yourlandlord and retainownership of the landunder the new buildings via99-year ground leases17
  • 17. 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 resident will be given a preference forthe low-income units18
  • 18. Washington Houses: What does this mean?193,479 residents live at Washington Houses
  • 19. Washington Houses Today20
  • 20. Development Opportunity at Washington Houses21Maximum Allowable Income1 person $ 36,1202 persons $ 41,2803 persons $ 46,4404 persons $ 51,540Third Avenue & East 99th Street Site Site Area: 57,000 SF New Construction: 500,000 SF(approx.)East 99th Street Site Site Area: 16,500 SF New Construction: 350,000 SF(approx.) Affordable units will be availableto households with incomes ator BELOW 60% of Area MedianIncome (AMI)1Based on Dept. of Housing and UrbanDevelopment 2013 (HUD) Standards
  • 21. Benefits for Washington Houses 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 permanentjobs opportunities for NYCHAresidents Enhanced security features forthe entire development22
  • 22. Closing Statement23
  • 23. 24Q & A