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Q&A
Discussion on NYCHA's fiscal year 2026 budget and city funding
0:25:19
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Chair Chris Banks inquires about NYCHA's fiscal year 2026 budget and conversations with the Office of Management and Budget (OMB) regarding city funding.
- NYCHA CFO Annika Lescott-Martinez reports ongoing discussions with OMB and city hall partners.
- The preliminary budget provides an additional $846 million over ten years for NYCHA.
- Lescott-Martinez mentions receiving $175 million via City of Yes program.
- Specific proposals for the executive plan are still under negotiation.
Chris Banks
0:25:19
We see that the preliminary plan includes very minimal change changes with NYCHA's fiscal twenty twenty six budget.
0:25:29
And that leads me to my first question.
0:25:32
What have been some of your conversations with OMB and the administration about city funding in fiscal year twenty twenty six?
Annika Lescott-Martinez
0:25:43
Thank you for that question, council member Banks.
0:25:45
We are always in conversation
Chris Banks
0:25:46
Can you move the mic closer so I can hear you?
0:25:48
Thank you.
0:25:49
Thank you.
Annika Lescott-Martinez
0:25:50
Thank you.
0:25:50
We are always in conversation with OMV and our city hall partners regarding our programming.
0:25:56
The city supports NYCHA quite generously and this funding relationship is not seen in other PHAs across the country.
0:26:04
The actual preliminary budget provides an additional $846,000,000 over ten years for NYCHA and we're very grateful for that support.
Chris Banks
0:26:13
Were there any new needs?
0:26:16
Were there any new needs that you requested from the administration that were not included in this particular plan?
Annika Lescott-Martinez
0:26:23
We continuously speak to them about our programming and our new needs.
0:26:28
We actually received a hundred and $75,000,000 via City of Yes alone, and so again we found that the city has been very grateful and responsive to us.
Chris Banks
0:26:37
And what new needs are you requesting from the city to be included in the executive plan?
Annika Lescott-Martinez
0:26:43
We're still under negotiations with the city, so we don't have specific proposals for the executive plan as When