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Q&A
NYCHA's preparation for potential federal funding cuts
1:19:29
ยท
98 sec
Council Member Chris Banks inquires about NYCHA's preparation for potential federal funding cuts and communication with residents.
- NYCHA is closely monitoring the situation in Washington D.C. on a daily basis.
- The agency is facing unprecedented uncertainty, with many experienced HUD colleagues leaving the agency.
- NYCHA expects more clarity once the president's budget is released in the coming days or weeks.
- Early indications suggest that public housing may face deep cuts, while Section 8 funding might be more stable.
- NYCHA commits to keeping residents, the city council, and other elected officials informed about their plans in response to potential funding changes.
Chris Banks
1:19:29
We'll be waiting.
1:19:30
Okay.
1:19:31
When it comes to financial transparency, where where where that there's a degree of uncertainty about the status of federal funding from for public housing across the country, has NYCHA taken steps to prepare for potential decreases or pauses in federal funding?
1:19:52
And what information has NYCHA provided to the residents about the reality and any potential impacts on a section nine and section eight housing?
Brian Honan
1:20:03
We are watching what's going on in Washington literally daily.
1:20:08
And we are in unprecedented times right now, I will say that, from what, you know, from what we're hearing.
1:20:17
Many of our colleagues at HUD who have been there for decades, who have been great assets to NYCHA and to public housing publicly have now left the agency.
1:20:30
But right now, we do not you know, until the president's budget comes out, which is in few probably a few days, maybe the next few weeks, we won't have a a good idea.
1:20:40
I mean, from what I'm hearing is that, you know, public housing, should expect very deep cuts.
1:20:49
Section a probably a bit more stable, but we will have to make real decisions, and we will commit to both residents and also to the the council and other elected officials that we will be in close contact to let you know, you know, our plans.