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Q&A
Discussion on potential foreclosure in RAD/PACT properties and NYCHA's role
2:25:04
·
100 sec
Council Member Darlene Mealy inquires about the possibility of foreclosure in RAD/PACT properties and NYCHA's role in such scenarios. The discussion reveals the complexities of the RAD/PACT conversion process and the safeguards in place.
- Council Member Mealy raises concerns about potential foreclosure if developments go into disrepair
- NYCHA representatives explain that the land is only leased, not sold, in RAD/PACT conversions
- In case of foreclosure, the property would revert back to NYCHA
- The exchange highlights the ongoing responsibility of NYCHA even after RAD/PACT conversion
Darlene Mealy
2:25:04
So if no one do anything with Rad and Pac or if if any TA president as a collective fire development Mhmm.
2:25:13
And they go in disrepair
2:25:16
And since I just heard today that they've taken loans out already Mhmm.
2:25:21
If it do go in foreclosure, would it not come back to NYCHA because they only leased the land?
2:25:26
Yes.
2:25:32
you still go back to NYCHA.
2:25:34
You still gotta fix it no matter what.
2:25:37
cases tactic was not nice to
2:25:47
I know that because we predicament because NYCHA didn't live up to what they should have been doing
2:25:53
So going forward I just feel that we shouldn't be kind of scared tactics where some NYCHA developments want to stay independent.
2:26:03
And you never know, next year somebody could come up with some money.
2:26:08
We have a new president.
2:26:09
I'm using not saying he's gonna do it, but you never know.
2:26:13
We can't just close the door.
2:26:15
So if those developments do not wanna go to RAD and PAC because it's a different thing with RAD and section nine and eight.
2:26:24
I feel people are getting evicted quicker now and not having a a recourse to go to to NYCHA and have a fair hearing case.
2:26:33
Mhmm.
2:26:34
So that's why some people do not wanna go and lose section nine.
2:26:39
So you said someone else was gonna speak and I'm gonna be done.
2:26:42
I should have been.
2:26:43
But please.
Brian Honan
2:25:15
Right.
2:25:27
Correct.
2:25:27
So and I'll let Jonathan speak more to that.
2:25:30
So Please.
2:25:30
Especially when it comes to
2:25:36
We do.
2:25:36
And in those
2:25:39
so Jonathan, I don't think it's a question of nice I I think what's happened to public housing residents more than a generation has not been nice.
2:25:51
all along.
2:26:23
That's correct.
Danette Chavis
2:25:32
the because
Jumaane Williams
2:26:38
Right.