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NYC action plan-review

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Highlights of the NYC Mayor's plan for $1.7 billion in federal block grants.

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NYC action plan-review

  1. 1. NYC Action Plan Public Comment Period ReviewTony Maull703-722-9122 x 1 April 2, 2013tony@savebigbread.com © 2012 Save Big Bread LLC. All rights reserved.
  2. 2. Tony Maull - Presenter President and co-founder SaveBigBread.com Former Ernst & Young Clean Technology Leader VP at Experian (Data and Analytics Division) Software and Technology Investment Banker www.linkedin.com/in/maull/ © 2012 Save Big Bread LLC. All rights reserved.
  3. 3. Who got hit? Bronx Population 5% Staten Island 9% Brooklyn Queens 37% 22% Manhattan 27% 2 © 2012 Save Big Bread LLC. All rights reserved.
  4. 4. How did the $ get allocated? Allocations Citywide Administration and Planning $600mm 16% $340mm Housing Programs 40% Infrastructure and Other City Services Business 23% Programs $400mm 18% $325mm 3 © 2012 Save Big Bread LLC. All rights reserved.
  5. 5. Who owns the buildings? Public Sq. Ft. 1% Business 16% Mixed Res/ Comm 16% Residential 67% 4 © 2012 Save Big Bread LLC. All rights reserved.
  6. 6. Who gets the money Low/Mod Inc. up to % of $600mm Single Multi family family - Brooklyn - Low/Mod 28% other $62,430 26% Queens $78,968 Multi- Single family - Staten Island family - other $101,852Low/Mod 14% 32% Manhattan $94,085 5 © 2012 Save Big Bread LLC. All rights reserved.
  7. 7. #1 Priority Severely damaged homes 295 1-2 family 1,400 homes 1-2 900 family multi- homes family, 15 buildings 20,000 Multi- family, 300 buildings Majorly damaged homes 6 © 2012 Save Big Bread LLC. All rights reserved.
  8. 8. Getting work done1.  City will prioritize, direct and pay contractors. 1.  Strict circumstance – own contractor.2.  Adhere to Enterprise Green Communities Standard. 1.  HUD CPD Green Building Checklist. 1.  For those building that can’t meet the Standard.3.  Raising cost assistance to comply with local code.4.  No “in-kind” replacement.5.  No reimbursement for completed work. 7 © 2012 Save Big Bread LLC. All rights reserved.
  9. 9. Attached strings1.  Maintain ownership for up to 5 years. 1.  As of the construction completion date.2.  Must maintain flood insurance. 1.  No less than the amount of assistance. 2.  Up to NFIP maximum. 8 © 2012 Save Big Bread LLC. All rights reserved.
  10. 10. NY State buyout programStandard buyout100% of pre-storm value.Homes more than 50% damaged.Inside 500-year floodplain.Enhanced buyoutHigh risk determined by county and local government.5%-25% premium on top of pre-storm value.Relocation incentives5% in-county relocation.10% enhanced individual and group buyout. 9 © 2012 Save Big Bread LLC. All rights reserved.
  11. 11. NY City potential buyoutAcquisition for Redevelopment100% of post-Sandy value.Voluntary homeowner opt-in. 10 © 2012 Save Big Bread LLC. All rights reserved.
  12. 12. Open issues1.  No assessment appeals process. 1.  Housing Recovery Specialist. 2.  Assessment Specialist. 11 © 2012 Save Big Bread LLC. All rights reserved.
  13. 13. Open issues1.  Contractor management. 1.  How can homeowners get competing estimates? 2.  Complaint regarding workmanship? 3.  Who issues the labor warranty? 4.  Will the manufacturer honor the product warranty? 5.  Will EEOC rules be honored by the City? 1.  “criminal record exclusions have a disparate impact based on race and national origin.” 12 © 2012 Save Big Bread LLC. All rights reserved.
  14. 14. Action items1.  Public comment window closes April 4 at 12 midnight.2.  Submit comments to: 1.  http://ww.nyc.gov/cdbg 2.  212-639-9675 13 © 2012 Save Big Bread LLC. All rights reserved.
  15. 15. Questions Tony Maull tony@savebigbread.comRegister for rebatesSaveBigBread.com•  Appliances•  Heating and cooling•  Insulation•  Roofing•  Windows and doors•  Lighting 14 © 2012 Save Big Bread LLC. All rights reserved.

Highlights of the NYC Mayor's plan for $1.7 billion in federal block grants.

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