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AGENCY TESTIMONY

Funding challenges and innovative strategies for NYCHA's future

0:30:52

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65 sec

NYCHA acknowledges the significant funding challenges it faces in addressing all the needs across its portfolio. The agency is pursuing innovative strategies to overcome these challenges and improve residents' quality of life.

Implementing bold strategies such as PACT (Permanent Affordability Commitment Together) and the Trust
Seeking to provide residents with improved quality of life through comprehensive building renovations
Emphasizing the importance of partnerships in achieving significant change
Expressing appreciation for stakeholder support, including members of the city council
Reaffirming commitment to being a better landlord for NYCHA families

Keith Grossman

0:30:52

This improves steam distribution and residents comfort.

0:30:57

While we're pursuing all possible funding sources and investing that limited funding as wisely as possible, the reality is is that there is simply not enough funding to address all the needs across the portfolio.

0:31:07

That is why we are implementing bold and innovative strategies such as PACT and the Trust that will provide residents with dramatically improved quality of life through comprehensive building renovations, including fully upgraded heating systems, improving residents quality of life by improving the way we operate and investing strategically in the future with the limited funding available, we are strengthening the authority while delivering better services for residents.

0:31:34

The challenges at NYCHA are significant, but they are not insurmountable.

0:31:38

In fact, we are demonstrating that through partnership, we can achieve great change.

0:31:42

While there is still much work to be done, we we appreciate the support of our stakeholders, including members of the council, which is enabling us to be a better landlord for the NYCHA families we serve and improve their quality of life.

0:31:53

Thank you.

0:31:55

We are happy to answer any questions you may have.

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NYCHA's sustainability initiatives for heating and energy efficiency

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Council Member Banks questions NYCHA officials on boiler replacements and heating improvements