Smith Land Lease Presentation 6-20-13
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  • 1. Preserving Public HousingOverviewfor Pending Land LeaseRequest For ProposalSmith HousesJune 20, 2013
  • 2.  Let’s hear from everyone No interruptions Treat everyone with respect Respect different opinions Speaker slips are available to register for the opencomment time at the end of the presentations No videotaping2Meeting Guidelines
  • 3. 3 Key Changes Implemented Due to ResidentFeedback Design and Zoning Information Section 18 Project Timeline Comments and Q & ADiscussion Topics
  • 4. Key Changes Implemented Due toResident Feedback NYCHA has extended the release date of the pendingRequest for Proposal (RFP) by several months 100% of revenue generated from rent will beinvested to meet the capital needs at the eight (8)affected developments in the initial period. At least 20% of the apartments will be permanentlylow-income available to households earning a rangeof incomes below 60% of Area Median Income (AMI)for NYC Metro Area.4
  • 5. Key Changes Implemented Due toResident Feedback NYCHA has restricted the height that can be built onthe Smith Houses development sites. New Building designs must improve affected NYCHAdevelopments, be thoughtfully designed. Developers will be competitively scored on theirwillingness to increase the percentage of permanentlyaffordable apartments and or to decrease the averageAMI below 50%5
  • 6. Key Changes Implemented Due toResident Feedback Proposers will be required to submit a NYCHA resident hiring plandetailing initiatives targeted at hiring NYCHA residents. At least 15% of the total labor cost for construction work shouldbe made-up of NYCHA residents. NYCHA will require that proposers adhere to Section 3-like hiringgoals; 30% of permanent employment opportunities will betargeted to NYCHA residents. Designated developers will be required to conduct meetings,discussions with residents, elected officials and communityboards , as project planning is refined and Section 18 applicationsare prepared during 2014. 6
  • 7. Some Key Steps: Resident Consultation- Residents have the right to submit separate written comments aboutthe Section 18 application Environmental Review:- Completion of environmental assessment of proposed developmentprojects pursuant to the federal National Environmental Policy Act(NEPA) and State Environmental Quality Review Act (SEQRA); in NewYork City, environmental review follows the City Environmental QualityReview (CEQR) manual7Section 18Before NYCHA may enter into a ground lease HUD must approve theproposed transaction.
  • 8. Some Key Steps: Notice of Disposition in NYCHA Annual Plan Appraisal of development site Description of How Proceeds from Land Leases (disposition) Will Be Used Elected Official Consultation Letter dated and signed by Deputy Mayor that demonstrates NYCHA hasconsulted with the appropriate local government officials about theproposed disposition Adoption of a resolution by the NYCHA Board to authorize submission ofthe Section 18 application 8Section 18Before NYCHA may enter into a ground lease HUD must approve theproposed transaction.
  • 9. Smith HousesSouth Street Site9
  • 10. Smith HousesSouth Street Site10
  • 11. Smith HousesR. F. Wagner Street Site11
  • 12. Smith HousesR. F. Wagner Street Site12
  • 13. $13.4 Billion Unmet Capital Need NYCHA Widefor the Next 5 YearsSmith Houses currentlyhas a total of $227Million in capital needsNYCHA’s current 5 yearModernization Planbudgets $2.3 Million forSmith Houses for2013-201713
  • 14. Land Lease OpportunityKey Milestones 2013 Release RFP Pre-Submission Conference Proposals due Interviews/Applicant Presentations Selection Committee makes recommendation to NYCHA Board Board Conditionally Designates Developer(s) CDLs issued to Developers NYCHA to develop its Annual Plan (per HUD Section 18) Throughout the year, there will be periodic engagement withresidents and other stakeholders (elected officials andCommunity Boards)14
  • 15. Land Lease OpportunityKey Milestones 2014 NYCHA Annual Plan becomes effective Preparation of Section 18 Application (Draft) Commence Environmental Review Engagement with residents and other stakeholders(elected and CBs) – “Official S18 Meetings” Board Approval to submit Section 18 Application to HUD Submission of Section 18 Application to HUD Throughout the year, there will be on-going engagementwith residents and other stakeholders (elected officialsand Community Boards)15
  • 16. Land Lease OpportunityKey Milestones 2015-2016Key Milestones 2015 HUD may issue questions on application (est. / time may vary) Prepare responses to HUD questions HUD reviews S18 Application (with approval targeted in December). Throughout the year, there will be periodic engagement with residentsand other stakeholders (elected officials and Community Boards)Key Milestones 2016 Upon approval, enter Ground Lease agreement(s) Construction preparation & groundbreaking Throughout the year, there will be periodic engagement with residentsand other stakeholders (elected officials and Community Boards)16
  • 17. 17Land Lease Websitehttp://on.nyc.gov/landleasePublic Comments can be submitted online and in writing to:NYC Housing AuthorityLand Lease CommentsPO Box 3422New York NY 10008