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NYCHA's ballooning capital needs and funding challenges
1:39:50
ยท
37 sec
Council Member Salamanca expresses concern over the significant increase in NYCHA's capital needs over the past nine years, from $35-40 billion to $78 billion.
- The council member highlights the difficulty in allocating funding to NYCHA
- He points out the frustration with the long implementation times for allocated funds
- This increase in capital needs is described as 'extremely sad' by the council member
Rafael Salamanca Jr.
1:39:50
Alright, thank you.
1:39:51
Just want to highlight, you know, made nine years in 2016 when I when I came into office, I remember that there was a total NYCHA for capital.
1:40:02
The total cost to fix all of NYCHA was about $3,540,000,000,000 dollars.
1:40:06
And I see how it's ballooned to $78,000,000,000 which is extremely sad.
1:40:11
And, you know, I'm not gonna ask a question, but I just wanna highlight that it's difficult for council members, and I've said this in the past, to allocate funding.
1:40:18
And when we do give you the funding, it takes years and years and years to actually implement the funding that we allocated.
1:40:25
And so, it's just frustrating.