QUESTION
What challenges does the NYC Department for the Aging face regarding capital funding for renovations?
0:43:16
·
127 sec
The NYC Department for the Aging faces challenges in accessing capital funding for renovations due to dependency on other managing agencies.
- $2 million is planned for capital funding, but allocations are pushed to future years.
- The Department for the Aging lacks the bandwidth and capacity for renovations, relying on agencies like DDC, EDC, EC, HPD, and NYCHA.
- Access to capital funding would be beneficial, but the capacity of sister and brother agencies to undertake renovations is a limiting factor.
- Projects often experience delays, highlighting the need for a coordinated approach and funding for all involved agencies.
- A uniform approach to capital funding allocation was successfully used in the past with the distribution of 44 "hotshot" fans directly to agencies.
Albert Scott
0:43:16
Yeah.
0:43:17
So, I
Jose Mercado
0:43:17
mean, so we we plan to we have money set of side for but, again, we kind of push the programs out as a result of different pec requirements.
0:43:27
So there is a plan about $2,000,000 with capital.
Crystal Hudson
0:43:30
1,000,000 is it?
Jose Mercado
0:43:31
Yeah.
0:43:31
Yeah.
0:43:31
Okay.
0:43:32
It's planned.
0:43:32
Again, these things are out pushed to the out years.
Crystal Hudson
0:43:35
And would you say that that that money is I'm trying to phrase it in a way that I know you'll answer.
Jose Mercado
0:43:50
I'll get back to you on that one.
Lorraine Cortes-Vasquez
0:43:52
No.
0:43:52
That was a question.
Crystal Hudson
0:43:54
Would would you say that pushing the $2,000,000 into you said you're pushing it into out years.
0:44:01
Right?
0:44:01
Would you say that you know, it would be helpful to have access to that capital funding
Jose Mercado
0:44:13
I would say yes, but also I mean, since we don't actually are the managing agency, there's also other agencies that need the bandwidth to actually do a lot of renovations like DDC, EDC, EC, HPD, NYCHA, though.
0:44:24
Those are are basically the ones who manage and actually do all the renovations.
Crystal Hudson
0:44:28
Challenge for
Lorraine Cortes-Vasquez
0:44:29
us around capital.
0:44:30
Mhmm.
Jose Mercado
0:44:30
Since we don't met, like I said, we don't have the capacity to actually do any renovations ourselves.
0:44:34
We can really all that goes to those who actually need the bandwidth.
0:44:38
They need
Lorraine Cortes-Vasquez
0:44:38
the bandwidth.
Crystal Hudson
0:44:38
But certainly having access to cap or services.
Jose Mercado
0:44:41
Yeah.
0:44:41
Absolutely.
0:44:41
I believe you.
0:44:42
Absolutely.
0:44:42
If if we have access to it, but I think part of that is also ensuring that our sister and brother agencies have the bandwidth to actually do all the renovations.
0:44:49
Because, again, as you know, there are many projects that have been delayed
Lorraine Cortes-Vasquez
0:44:52
for many, many, for years.
Crystal Hudson
0:44:54
And I would say all of those agencies need funding too.
Jose Mercado
0:44:57
Correct.
Lorraine Cortes-Vasquez
0:44:57
Right.
0:44:59
One thing what I what I wanted to say about capital, which was one of the ways we addressed it with you with the 44 hotshot fans was to use it directly, identify what the issue is, and have a uniform approach with by giving it directly to the agencies.
Crystal Hudson
0:45:20
Right.
Lorraine Cortes-Vasquez
0:45:20
That's how we did that with the hotshots with you last year.