• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content
Smith Infill Presentation 3 19-13
 

Smith Infill Presentation 3 19-13

on

  • 635 views

Smith Houses has a $227 million unmet need for capital improvements over the next 5 years.

Smith Houses has a $227 million unmet need for capital improvements over the next 5 years.

Statistics

Views

Total Views
635
Views on SlideShare
635
Embed Views
0

Actions

Likes
0
Downloads
4
Comments
0

0 Embeds 0

No embeds

Accessibility

Categories

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment
  • Presenter – General Manager Cecil HouseIntroduction: Good Evening everyone and welcome. I ask that everyone place take a seat we are about to begin the meeting.My name is Cecil House and I am the General Manager for the New York City Housing Authority. Tonight’s meeting is a very important meeting about preserving public housing. This is a start of many more conversations to come.It is a pleasure to be here – we have NYCHA staff from various departments – Development, Communications, Capital Projects, Operations, REES. But before we begin the meeting I would like to inform you of the following [Ask Interpreters to come up to podium]: We have available interpreters in Spanish, Chinese and Russian. They are going to come up now and introduce themselves and explain that we have wireless interpretation equipment; that will enable you to hear the presentation simultaneously in Spanish, Chinese and Russian.We also have sign languages interpreters who will be signing during the presentationI would like to go over some Ground Rules:We are here to listenIf you would like to speak or ask a question – we ask that you complete a speaker slip [Hold up a sample of speaker slip] This is a meeting for residents so we are going to take questions from residents first and then move on to other questions if time permits.We ask that your comments are respectful and that you be considerate of others and allow them time to share their questionsIf you have any personal and/or specific need or issue related to your apartment – please raise your hand, NYCHA staff is here to assist you.
  • Presenter – General Manager Cecil HouseTonight’s meeting is a conversation about preserving, maintaining and protecting public housing for another 79 years. We want public housing to be here for future generations. As you know Baruch is 54 years old and is the largest development in Manhattan. I know that this important for you because you have taken the time out to come to this meeting.This is a continuation of several years of conversation that we have had going back to 2006 when NYCHA embarked on the first Plan to Preserve Public Housing to find alternative ideas and ways to preserve public housing.[HOLD UP 2006 PPPH Booklet] In this plan we talked about many ways to generate revenue to maintain and preserve this vital resource called public housing
  • Presenter – General Manager Cecil HouseIn 2011 we introduced Plan NYCHA which was a collaborative effort again continuing the conversation. [HOLD Plan NYCHA Report up]
  • Presenter – General Manager Cecil HouseMany of you may have participated in the Plan NYCHA roundtables and community conversations across the city were more than a dozens of meetings that NYCHA held with residents, elected officials and other key stakeholders. –
  • Presenter – General Manager Cecil HouseEmphasis the points on the slide – WE are not doing anything else but preserving public housing for the future.Preserve – this NOT about demolishing, selling or privatizing public housingRestore – But in order to preserve public housing we need to restore financial stability. How do we transform the way we do things?Transforming – we can NO longer continue to do business the way we have been. We cannot have residents waiting for much needed repairs. We need to be much more efficient and better at what we do. Improve: When we transform and do better we provide better customer service.So we all share the same interest which is to preserve public housing. But the big challenge is achieving financial stability. All this preservation requires money and resources. Which NYCHA DOES NOT have right now.
  • Presenter – General Manager Cecil HouseImagine that this big ball represents the more than 400,000 residents and over 2,500 buildings that make up NYCHA. Or imagine that this ball represents Baruch Houses and the over 5,400 families that call this home.For a very long time we have not received the adequate amount of funding from the federal governmentRegulatory burdens such as having to pay prevailing wages to all of employees, contractors and vendors are costly to NYCHAAging buildings – Most of our buildings are more than 40 years old – Therefore they require more maintenance and repairs and we need to find a way to prevent the buildings from decaying any further.So we are pushing this big boulder up a hill.
  • Presenter – Presenter – General Manager Cecil House will ask staff from Capital Projects and Operations to explain Capital and Operation FundingSo this is very important I want to talk about the two sources of funding we receive.I am going to ask that members the Capital Projects Division and Operations come up to explain to all of you the difference between Capital and Operating Funding.Rebecca Finlan, Capital Projects DivisionLuis Ponce, Operations
  • Presenter – Capital ProjectsAfter Rebecca finishes – both Rebecca and Ponce are still standing with you.Just to make it clear we have been underfunded by $876 million that could have been used for fixing elevators, roofs, boilers
  • Presenter – OperationsJust to make it clear we have been underfunded by $750 million that could have been used for apartment repairs.
  • Presenter – GM House$6 Billion is the current unmet capital need and over the next 5 years this need will more than double for a total amount of $13.4 BillionReiterate again the lack of the cumulative capital funding over the next 5years. Emphasize that NYCHA does not have enough money and that we cannot therefore make the necessary capital improvements or repairs.General Manager Cecil House will present this slide and then turn over presentation to EVP Fred Harris who is going to talk you through a proposal that will help us general critical funds to ensure financial stability.
  • 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 HarrisGo through the points again to emphasize what the project is NOT to dispel rumors!!
  • Presenter –Executive Vice President for Development, Fred Harris
  • Presenter –Executive Vice President for Development, Fred Harris
  • Presenter – Bernel Hall- Senior Portfolio Manager
  • Presenter – Bernel Hall- Senior Portfolio Manager
  • Presenter – Bernel Hall- Senior Portfolio Manager
  • Presenter –Executive Vice President for Development, Fred Harris who will then turn it over to General Manager Cecil HousePlease note that the amount of money will be reinvested into Public Housing – in Baruch and across the city at other NYCHA developments.General Manager Cecil House will then introduce Presenter – Bernel Hall- Senior Portfolio Managerwho is the Team Leader for this project.
  • Presenter – EVP Fred Harris
  • Presenter – EVP Fred HarrisGM needs to reinforce what Fred just stated.
  • 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.
  • General Manager and team will field questions from the audience

Smith Infill Presentation 3 19-13 Smith Infill Presentation 3 19-13 Presentation Transcript

  • 79 Years Strong
  • Preserving Public Housing Smith Houses March 2013 3
  • A Roadmap for PreservationEnsures that public housing remains available for current and future generations of New Yorkers 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • $13.4 Billion Unmet Capital NeedNYCHA Wide for the Next 5 Years Smith Houses has $227 Million in capital needs NYCHA’s current 5 year Modernization Plan budgets $ 2.3 Million for Smith Houses for 2012-2016 11
  • Plan NYCHAIs Our Plan Of Action To restore financial stability by looking for other sources of long-term funding opportunities 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
  • 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
  • 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
  • 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
  • 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
  • Smith Houses: What does this mean?4,280 residents live at Smith Houses 18
  • Smith Houses Today 19
  • Development Opportunity at Smith Houses Robert F. Wagner Place Site  Site Area: 19,000 SF  New Construction: 365,000 SF (approx.) South Street Site  Site Area: 55,000 SF  New Construction: 700,000 SF (approx.)  Low Income 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 $ 41,2801Basedon Dept. of Housing and Urban 3 persons $ 46,440Development 2013 (HUD) Standards 4 persons $ 51,540 20
  • 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 21
  • Benefits for Smith 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 jobs opportunities for NYCHA residents  Enhanced security features for the entire development 22
  • Closing Statement 23
  • Land Lease Websitehttp://on.nyc.gov/landlease 24
  • Q&A 25