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NYCHA Infill Sites Presentation for Resident Meetings 3-12-13 LaGuardia
NYCHA Infill Sites Presentation for Resident Meetings 3-12-13 LaGuardia
NYCHA Infill Sites Presentation for Resident Meetings 3-12-13 LaGuardia
NYCHA Infill Sites Presentation for Resident Meetings 3-12-13 LaGuardia
NYCHA Infill Sites Presentation for Resident Meetings 3-12-13 LaGuardia
NYCHA Infill Sites Presentation for Resident Meetings 3-12-13 LaGuardia
NYCHA Infill Sites Presentation for Resident Meetings 3-12-13 LaGuardia
NYCHA Infill Sites Presentation for Resident Meetings 3-12-13 LaGuardia
NYCHA Infill Sites Presentation for Resident Meetings 3-12-13 LaGuardia
NYCHA Infill Sites Presentation for Resident Meetings 3-12-13 LaGuardia
NYCHA Infill Sites Presentation for Resident Meetings 3-12-13 LaGuardia
NYCHA Infill Sites Presentation for Resident Meetings 3-12-13 LaGuardia
NYCHA Infill Sites Presentation for Resident Meetings 3-12-13 LaGuardia
NYCHA Infill Sites Presentation for Resident Meetings 3-12-13 LaGuardia
NYCHA Infill Sites Presentation for Resident Meetings 3-12-13 LaGuardia
NYCHA Infill Sites Presentation for Resident Meetings 3-12-13 LaGuardia
NYCHA Infill Sites Presentation for Resident Meetings 3-12-13 LaGuardia
NYCHA Infill Sites Presentation for Resident Meetings 3-12-13 LaGuardia
NYCHA Infill Sites Presentation for Resident Meetings 3-12-13 LaGuardia
NYCHA Infill Sites Presentation for Resident Meetings 3-12-13 LaGuardia
NYCHA Infill Sites Presentation for Resident Meetings 3-12-13 LaGuardia
NYCHA Infill Sites Presentation for Resident Meetings 3-12-13 LaGuardia
NYCHA Infill Sites Presentation for Resident Meetings 3-12-13 LaGuardia
NYCHA Infill Sites Presentation for Resident Meetings 3-12-13 LaGuardia
NYCHA Infill Sites Presentation for Resident Meetings 3-12-13 LaGuardia
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NYCHA Infill Sites Presentation for Resident Meetings 3-12-13 LaGuardia

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Mayor Fiorello H. LaGuardia Houses on Manhattan's Lower East Side has nine buildings, 15 and 16-stories tall with 1,093 apartments housing some 2,596 residents. …

Mayor Fiorello H. LaGuardia Houses on Manhattan's Lower East Side has nine buildings, 15 and 16-stories tall with 1,093 apartments housing some 2,596 residents.

LaGuardia Houses has a $79 million unmet need for capital building improvements over the next 5 years.

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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 Operation Funding – staff from Capital Projects- Luis Ponce 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, Senior Transactional Manager for Development
  • Presenter – Katherine Gray, Senior Portfolio Manager
  • Presenter – Katherine Gray, Senior Portfolio Manager
  • Presenter – Katherine Gray, Senior Portfolio Manager
  • Presenter – Katherine Gray, 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. Preserving Public Housing LaGuardia Houses March 2013 3
    • 3. A Roadmap for PreservationEnsures that public housing remains available for current and future generations of New Yorkers 4
    • 4. Plan NYCHA Development  NYCHA worked hand in hand by hosting dozens of meetings with residents, electeds, community partners and employees  Thousands of residents provided input into proposals including: o Looking at ways to use NYCHA’s most valuable asset –our land- to generate revenue o Development of new mixed-use, mixed-income housing to support more families in need 5
    • 5. A Roadmap for the Future A Call to:  Preserve public housing – buildings, communities and opportunities  Restore financial stability  Transform the way we do things  Improve services 6
    • 6. Why Now?NYCHA Is Struggling To Get Ahead  Severe government funding shortages  Unmet capital needs  Structural operating deficit  Regulatory burdens hinder us from controlling costs  Aging and decaying buildings 7
    • 7. Two Different Federal Funding Streams Capital: Operating:► Covers roofs, bricks, ► Covers building elevators and maintenance and electrical, plumbing repairs, day to day and heating systems operations and► Requires long term administration planning ► Based on HUD funding formula that short► Calls for complex and changes NYCHA lengthy execution 8
    • 8. Insufficient Capital Funds For Rehabilitation Needs 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 $0 -$100In Millions of Dollars -$200 -$300 -$400 -$500 -$600 -$700 Underfunded by -$800 $876 Million -$900 9
    • 9. Loss Of Operating Dollars For Maintenance, Repairs And Services 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 $0Dollars in Millions -$100 -$200 -$300 -$400 -$500 -$600 $ 750 Million Deficit -$700 -$800 10
    • 10. $13.4 Billion Unmet Capital NeedNYCHA Wide for the Next 5 Years LaGuardia Houses and Addition have a total of $79 Million need for capital improvements 11
    • 11. Plan NYCHAIs Our Plan Of Action To restore financial stability by looking for other sources of long-term funding opportunities 12
    • 12. Proposed Plan will help Preserve Public Housing for Current and Future Families NYCHA would lease (not sell) 14 parcels of land located within 8 developments Income generated will be dedicated to building improvements for public housing The developers will finance, construct, and operate new residential buildings. 13
    • 13. Proposed Plan will help Preserve Public Housing for Current and Future Families Private developers will pay NYCHA for the right to build on leased land that NYCHA owns (and will continue to own) Approximately 80% of the apartments will be market rate and 20% will be permanently low income 14
    • 14. Setting the Record Straight The Development Plan Will:  Not increase rent for NYCHA residents due to the new developments.  Not demolish public housing apartments  Not displace NYCHA families  Not privatize – NYCHA will still be the landlord  Not sell the land; NYCHA will own the land under the new buildings.  Not result in job losses or increased work requirements for NYCHA personnel. 15
    • 15. NYCHA’s Core Principles for Development  Location of new buildings along street fronts to encourage pedestrian traffic and campus integration with the neighborhood  Replacement of all parking spaces for all current resident legal permit holders at impacted developments  Compactor yards relocated on campus 16
    • 16. NYCHA’s Core Principles for Development  Where space is available, other impacted areas will be relocated, replaced and/or reconfigured (i.e., seating areas and gardens)  NYCHA will remain your landlord and retain ownership of the land under the new buildings via 99-year ground leases 17
    • 17. Benefits NYCHA Wide This initiative will generate between $30 Million and $50 Million of funding on a yearly basis for 99 years (term of ground lease) New funding streams will be used to improve the quality of life of NYCHA residents by funding a portion of critical capital improvements This initiative will generate approximately 800 permanently low income housing units for low income New Yorkers NYCHA residents will be given a preference for the low-income units 18
    • 18. LaGuardia Houses: Where We Are2,764 residents live at LaGuardia Houses & Addition 19
    • 19. LaGuardia Houses: Development Sites 20
    • 20. Development Opportunity at LaGuardia Houses Madison Street Site  Site Area: 9,000 SF  New Construction: 135,000 SF (approx.) Rutgers Street Site  Site Area: 7,500 SF  New Construction: 120,000 SF (approx.)  Affordable units will be available to households with incomes at or BELOW 60% of Area Median Income (AMI) Maximum Allowable Income 1 person $ 36,120 2 persons $ 41,280 3 persons $ 46,440 4 persons $ 51,540 21
    • 21. LaGuardia Houses Today 22
    • 22. Benefits for LaGuardia Houses Residents  Preference for low income apartments in the new buildings  Affordability restrictions are permanent  Alternative power for systems during blackouts such as hallway and stair lighting, heat and hot water, elevators and security  Construction and permanent job opportunities for NYCHA residents  Enhanced security features for the entire development 23
    • 23. Closing Statement 24
    • 24. Q&A 25

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