AGENCY TESTIMONY
NYCHA's mission and the critical role of rent payments
0:03:44
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45 sec
NYCHA's century-old mission of providing affordable housing for low-income New Yorkers remains unchanged. Rent payments are crucial for NYCHA's operations and maintenance of aging buildings.
- Rent constitutes one-third of NYCHA's operating budget
- Funding is necessary for repairs and maintaining quality of life
- NYCHA faces $80 billion in major capital needs due to federal disinvestment
Eva Trimble
0:03:44
Nytu was founded nearly a century ago to serve as a vital resource of truly affordable housing for low income New Yorkers, and this mission remains the same today.
0:03:53
Our goal is to keep residents housed, and that is why we have advocated vigorously for rental assistance funding from the government and implemented various supportive policies and programs that assist residents who are having trouble paying rent.
0:04:06
Rent payments constitute 1 third of NICE's operating budget.
0:04:10
Funding that is necessary to repair and maintain our developments and promote residents quality of life.
0:04:16
This revenue is especially critical considering that our aging buildings suffer from a nearly 80,000,000,000 in major capital needs.
0:04:25
The consequences of decades of federal disinvestment from public housing.
