NYCHA Infill Sites Presentation for Roundtable 4-15-13 (Carver Houses)

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Carver Houses has a $41 million unmet need for capital improvements over the next 5 years.

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  • Presenter, Kevin Norman, Director for Mixed Finance Asset ManagementGood evening everyone and thank you for participating in this very important discussion today. This will be just one of many discussions that NYCHA and all of you--  will have in the coming weeks about a proposal to generate funding to Improve and Preserve Public Housing here at Meltzer.  Unlike Chicago, Atlanta, St Louis who demolished their public housing, NYCHA  wants to keep it going for another 79 years.  What we are going to do today is talk about one initiative to help do just that. Many of you may have come to a meeting NYCHA hosted  a few weeks ago.  I also know there has been a lot of misinformation or confusion out there about plans for this development and that is why it is so important that you have come here to get information, raise questions, give your opinion and offer ideas.  I speak for everyone at NYCHA when I say we want to and will answers all those questions, hear your comments and welcome all of your suggestions and ideas.   There are more meetings to come so this will not be the only chance to offer your opinion-- this is just the beginning of this multi-year process until 2015 to 2016.
  • Presenter, Kevin Norman, Director for Mixed Finance Asset ManagementMy name is Kevin Norman, Director for Mixed Finance Asset Management at NYCHA and I will be your moderator for this group discussion. There are many other NYCHA staff around the room who are here to provide info and I will briefly ask them to introduce themselves. (Development team Fred Harris, Bernel Hall and Manhattan Property Management Director, Sheila Pinckney)Finally  We also have NYCHA staff here from Property Management who can answer or address any issues you have with your apartment – they are right outside of the this room, and staff who can talk about job training and support  etc.  I ask that if you have a question or issue about a personal matter please raise your hand and we will make sure you speak to the right staff person.
  • Presenter, Kevin Norman, Director for Mixed Finance Asset ManagementWalk through each of the points listed on the slideLet’s go through the ground rules so that we make the best use of everyone’s time.We want everyone to feel comfortable and have the ability to speak freely therefore there will be no videotaping allowed. Please be advised that there is a NYCHA staff photographer that will be taking pictures of the meeting. If you do not want your photo taken please inform a NYCHA staff person. We also ask that if you have materials that you would like to hand out please wait until the end of the meeting.At each table you have a facilitator and note taker whose job it is to keep  your group discussions going and take down everything  so that NYCHA has captured all comments.  Facilitators wave hands and note takers.  I hope you all took a moment to introduce yourselves at your tables.
  • Presenter, Kevin Norman, Director for Mixed Finance Asset ManagementSo lets talk about WHY WE ARE ALL HERE TONIGHT.  As you may have heard or read NYCHA has developed a proposal based on discussions and planning over the past two years, much of which involved input and discussions with resident leaders and residents across the city as part of Plan NYCHA. We are going to go through the details of this plan in a moment but basically, This proposal is to lease  land to a developer for construction of a new apartment building here at Carver Houses. The new apartments would be a mix of market rate and low income, and  The money generated from this lease of NYCHA land will all go to building improvements at Carver Houses as well as other NYCHA developments.  (let me repeat this again because there has been a lot of confusion.--reinforce the lease and not sell-  and that all money coming in from the leases would go back into Carver Houses for improvements like roof, elevators, heating systems etc.... as well as other public housing developments across the city.   Most importantly this plan will not require any Carver resident to move, pay higher rent or lose their apartment over time.  The primary purpose of this plan is to generate substantial money to help save public housing here at Carver as well as other NYCHA developments and to make sure that public housing is around for the future.
  • Presenter, Kevin Norman, Director for Mixed Finance Asset ManagementThis PLAN is ALOT to TAKE in.  There is important information we want to share and importantly we want to hear what you think and answer your questions.  Based on feedback we got from you and other residents when we had our first round of meetings,  we have broken down the discussion today into four parts.   (Go through the Four Topics, letting them know that for each topic NYCHA staff will share information and then we will break into the table groups to review and discuss the information). 
  • Presenter, Kevin Norman, Director for Mixed Finance Asset ManagementSo lets get started with an overview of the details of the proposal so that everyone has the same information.  We will provide you with a copy of the complete presentation at the end of the meeting today.  I would like to introduce Fred Harris, Executive Vice President for Real Estate Development 
  • Presenter Fred Harris, EVP for Real Estate Development Reinforce the unmet need due to years of underfunding by the federal government $876 Million in Capital funding and $750 Million in Operating.  NYCHA is not getting enough money to keep the buildings maintained.
  • 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 Fred Harris, EVP for Real Estate DevelopmentReinforce that revenue that will go back into preserving public housing at Carver and other NYCHA developments across the city.
  • Presenter Fred Harris, EVP for Real Estate DevelopmentFred Harris will then introduce Bernel Hall, Sr. Transactional Manager for Real Estate Development
  • Presenter, Kevin Norman, Director for Mixed Finance Asset Management will introduce Bernel Hall, Senior Transactional Manager for Real Estate Development
  • Presenter Bernel Hall, Senior Transactional Manager for Real Estate Development
  • Presenter - Bernel Hall, Senior Transactional Manager for Real Estate Development
  • Presenter, Kevin Norman, Director for Mixed Finance Asset Management So now we are going to take a break here for 15 minutes -to discuss everything we have shared at your tables. Tell us what you think about what we have shared so far, ask your questions and let us know your concerns.  We will then have the facilitators go through the top -line comments before we go on.When 15 mins. are up then do read outs from each facilitator at each table.Bernel Hall to come up
  • Presenter - Bernel Hall, Senior Transactional Manager for Real Estate Development
  • Presenter -Bernel Hall, Senior Transactional Manager for Real Estate Development
  • Presenter -Bernel Hall, Senior Transactional Manager for Real Estate Development
  • Presenter -Bernel Hall, Senior Transactional Manager for Real Estate Development
  • Presenter, Kevin Norman, Director for Mixed Finance Asset Management So now we are going to take a break here for 15 minutes to discuss everything we have shared at your tables. Tell us what you think about what we have shared so far, ask your questions and let us know your concerns.  We will then have the facilitators go through the topline comments before we go on.  OK Lets do the read outs
  • Presenter, Kevin Norman, Director for Mixed Finance Asset Management Now lets talk about an important next step in this process and that is the Request for Proposal.  Ask Fred Harris to come up
  • Presenter – Fred Harris, EVP for Real Estate Development
  • Presenter, Kevin Norman, Director for Mixed Finance Asset Management For our 3rd breakout discussion we want to get your thoughts and suggestions about what is important to go into this request for proposal to developers.  we need you to think about - Alternate power source, distribution of units, Job opportunities for residents, Preference for Carver Houses residents for the affordable apartments and financial training support for those who are interested in applying.  There may also be other concerns that you want to make sure get addressed in this proposal so please offer them as well. Do brief read outs from Facilitators at each table
  • Presenter, Kevin Norman, Director for Mixed Finance Asset Management OK now lets talk about next steps because this is not going to happen overnight.  This will take several years.  Fred please come up to discuss the project timeline.
  • Presenter – Fred Harris, EVP for Real Estate Development
  • Kevin Norman, Director for Mixed Finance Asset Management and team will field questions from the audience
  • Presenter, Kevin Norman, Director for Mixed Finance Asset Management Thank you all for participating.  We hope you found this worthwhile and again this will not be the only chance to get info and offer your comments.  You can do that several ways-  First attend the NYCHA meetings we will hold in coming weeks; two go online at any time and offer your comments or three write us your comments and concerns and send to the address on the screen.Remind residents that we have copies of the presentation on the way out and also please visit the NYCHA website for updates.This is the start of many more conversations.
  • NYCHA Infill Sites Presentation for Roundtable 4-15-13 (Carver Houses)

    1. 1. Preserving Public Housing Roundtable Discussion Carver Houses April 16, 2013
    2. 2. Introductions 2
    3. 3. Conversation Guidelines Let’s hear from everyone No interruptions Treat everyone with respect Respect different opinions No videotaping Facilitators will take comments and questions at tables Note-takers are capturing ideas and opinions. No names will be used. 3
    4. 4. NYCHA’s Land Lease Proposal Proposal to lease land to a developer for construction of a new apartment building.All revenue will go to building improvements at Carver Houses and other NYCHA developments. 4
    5. 5. Discussion Topics Overview of Land Lease Proposal Building Site and Design Options Request for Proposal Project Timeline Comments and Q & A 5
    6. 6. Overview of Land Lease Proposal 6
    7. 7. $13.4 Billion Unmet Capital NeedNYCHA Wide for the Next 5 Years Carver Houses has $41Million needed for capital improvements Only $8.5 million of work is planned over the next 5 years 7
    8. 8. Overview: Land Lease Proposed Plan 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. Approximately 80% of the apartments will be market rate and 20% will be permanently low income 8
    9. 9. Setting the Record Straight: At Carver the Development Plan Will:  Not increase rent for NYCHA residents due to the new developments.  Not demolish public housing apartments  Not move 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. 9
    10. 10. NYCHA’s Core Principles for Development  All new buildings located along street fronts to encourage pedestrian traffic and campus integration with the neighborhood and reduce construction impact  Replacement of all parking spaces for all current resident legal permit holders  NYCHA will remain your landlord and retain ownership of the land under the new buildings via 99-year ground leases 10
    11. 11. 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) All revenue will be used to improve the quality of life of NYCHA residents by funding a portion of critical capital improvements – example: roofs, elevators, boilers, electrical system, apartment upgrades 11
    12. 12. Benefits for Carver Houses Residents Alternative power for systems during blackouts such as hallway and stair lighting, heat and hot water, elevators and security Construction and permanent jobs opportunities for NYCHA residents Enhanced security features for the entire development Preference for low income apartments in the new buildings Affordability restrictions are permanent 12
    13. 13. Land Lease Plan Carver Houses 13
    14. 14. Carver Houses Today2,787 residents live at Carver Houses 14
    15. 15. Development Opportunity at Carver Houses E 102nd St & Madison Ave Site  Site Area: 14,000 SF E 102nd St & Park Ave Site  Site Area: 23,000 SF Proposed Floor Area  242,000 SF Residential Floor Area / 262 Apartments* (Approx.)  500,000 SF Community Facility Floor Area (Revenue Generating Community Facility eg. Medical Facility, Student Dormitory)  1Affordableunits will be available to households with incomes at or BELOW 60% of Area Median Income (AMI)1Based Maximum Allowable Income on Dept. of Housing and Urban 1 person $ 36,120Development 2013 (HUD) Standards*Assumption based on 925 SF / Apartment 2 persons $ 41,280 3 persons $ 46,440 4 persons $ 51,540 15
    16. 16. Group Discussion #1Comments and Concerns about Land Lease Proposal 16
    17. 17. Building Site and Design Options 17
    18. 18. Possible Relocation of Site Uses 18
    19. 19. Carver Houses: Development Sites Park Avenue & E 102nd Street Site Development SiteMadison Avenue & E 102nd Street SiteDevelopment Site
    20. 20. Carver Houses: New Parking and Improved Open Space E 106th St Landscaped Area New Parking LotPark Ave @ E 105th St Park Ave Parking Lot @ E 100th StLandscaped Area New ExpandedParking Lot Madison Ave @ E 100th St New Parking Lot E 99th St Parking Lot Expanded
    21. 21. Group Discussion #2 Design Options Parking Relocation Security 21
    22. 22. Request for Proposal Process to ask developers for their ideas based on specificguidelines that NYCHA provides 22
    23. 23. RFP is currently in development Guidelines Under Consideration  Alternate power source  Distribution of apartment units  Employment opportunities & training  Preference for Carver Houses residents for affordable units  Financial literacy training 23
    24. 24. Group Discussion #3 Request for Proposal  Alternate power source  Distribution of apartment units  Employment opportunities & training  Preference for Carver Houses residents for affordable units  Financial literacy training 24
    25. 25. Next Steps in 2013 RFP out end of April Round of resident discussions Proposals submitted July/August Round of resident discussions Designation of developer Fall 2013 Round of discussions with residents, NYCHA Staff and designated developer 25
    26. 26. Key Milestones 2014-2016 Ongoing resident discussions Environmental review Submission of Section 18 application HUD Review of Section 18 application Upon approval, enter lease agreement Construction preparation & groundbreaking 26
    27. 27. Q&A 27
    28. 28. Land Lease Website http://on.nyc.gov/landleasePublic comments can be submitted online and in writing to: New York City Housing Authority Land Lease Comments PO Box 3422 New York, NY 10008 28

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