QUESTION
How is the NYC administration utilizing the Build Back Better Act's funds for housing?
3:15:52
·
109 sec
The NYC administration is actively seeking grants from the Build Back Better Act to address the housing shortage.
- The Biden administration allocated $1 billion for infrastructure and housing, with $200 million meant for New York State.
- The Mayor's Office of Management and Budget (OMB) has a team working to identify and secure grants, with the Department of Housing Preservation and Development (HPD) being a key player.
- Council Member Chi Ossé emphasizes the need for transparency and progress in utilizing these funds to address the housing crisis.
- Budget Director Jacques Jiha acknowledges the process but lacks specific details on the resources secured from the act.
Chi Ossé
3:15:52
You know, last year, the the Biden administration passed the build back Bredder Act where $1,000,000,000 was allocated to go towards infrastructure needs as well as housing.
3:16:02
I believe $200,000,000,000 is supposed go to New York State.
3:16:05
How is this administration working on pulling some of that money down, especially to address our housing shortage within New York City?
Jacques Jiha
3:16:12
We constantly we have a team of folks constantly working looking for grants.
3:16:16
This is what we do every every day.
3:16:19
But again, I would defer to HPD to give you specifically what they're doing, okay, in terms of trying to tap into the resources.
Chi Ossé
3:16:30
Sure.
3:16:30
And I'm sure you're playing a role in terms of securing some of those contracts from
Jacques Jiha
3:16:35
We do right in those sources or lose sources that they need.
3:16:39
Okay, basically, to do to to follow-up, to do the applications, to look for the opportunities.
3:16:45
We work with them.
Chi Ossé
3:16:45
Has anyone even pulled pulled down
Jacques Jiha
3:16:48
I can't give you I I don't know from the top of my head.
3:16:52
I would get back to you to find out how we worked HPG, to find out exactly.
3:16:56
If they have gotten some resources from them.
Chi Ossé
3:16:59
Great.
3:16:59
I would love to get an answer back on that.
3:17:01
You know, I think when when there's large sum of money that is allocated towards our state.
Jacques Jiha
3:17:06
You have to remember the majority of the HPT's budget is funded by the federal government.
3:17:13
Sure.
3:17:14
So but specific, Guaranti, and they have to go back for them and talk to them.
Chi Ossé
3:17:18
Of course.
3:17:19
But, you know, of course, hearing that that HOUSING SHORTAGE AND THE CRISIS IS A PRIORITY OF THIS ADMINISTRATION.
3:17:25
WOULD LOVE TO SEE THAT TAKEN SERIOUS.
3:17:26
AND I'M SURE IT HAS BEEN, BUT would love some transparency in terms of the progress of pulling some of that money down and how the council could aid and and providing some assistance in the projects that come across all of our portfolios.
Jacques Jiha
3:17:39
Okay.
Chi Ossé
3:17:40
Alright.
3:17:40
Thank you, Director.
← Previous Chapter
What is the proposed capital budget for Housing Preservation and Development (HPD) for fiscal year 2025, and how much is allocated for affordable housing?
Next Chapter →
Will the reductions in the Commission on Human Rights Law Enforcement's budget be reversed in the executive budget?
