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Q&A
Potential changes in federal funding for RAD/PACT under current administration
1:35:00
ยท
51 sec
Council Member Banks inquires about potential changes in federal funding for the RAD/PACT program under the current administration. NYCHA officials discuss the current state of federal budget negotiations and their expectations.
- No federal budget has been passed yet, creating uncertainty
- NYCHA officials are monitoring the situation and advocating for funding
- Current indications suggest continued support for RAD as a tool for public housing investment
- Section 8 funding appears to remain more secure than Section 9 funding
Chris Banks
1:35:00
Okay.
1:35:03
How do you think that the changes with the federal administration will impact federal funding for RAD PAC?
1:35:08
And what kind what what kind of indicators are you seeing?
Shaan Mavani
1:35:15
I think that might be the question that mister Ona just answered around the federal
Chris Banks
1:35:20
impact What indicators are you
Shaan Mavani
1:35:22
seeing?
1:35:22
Indicators.
Annika Lescott-Martinez
1:35:24
So we don't have a federal budget yet.
1:35:26
As you know, the government the federal government is still trying to avoid a shutdown on March 14, so we are continuing to monitor but as Brian mentioned we do and have heard that there is an increased sort of emphasis on the section eight portfolio and that they are generally supportive of RAD PACT and losing section nine units and putting more units in section eight.
1:35:47
But there is no budget yet, and so we're happy to give the consul an update once that happens.
Chris Banks
1:35:50
Okay.