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Clarification sought on $375 million allocation to NYCHA
0:47:11
·
88 sec
Council Member Áviles inquires about a $375 million allocation to NYCHA mentioned in the testimony. HPD officials explain that this is expense funding that passes through their budget to NYCHA, separate from the $875 million in capital funding for the PACT program.
- Confusion over the purpose and oversight of the $375 million allocation
- Clarification on the distinction between expense and capital funding for NYCHA
- Discussion on the reporting and accountability for these funds
Alexa Áviles
0:47:11
Yeah.
0:47:12
Thank you so much.
0:47:16
So I I have a couple of different questions.
0:47:19
For the record, can you tell us the 375,000,000 in your testimony that you noted specifically for NYCHA, what what it's for?
James "Jimmy" S. Oddo
0:47:28
So sorry.
0:47:30
Would you?
Alexa Áviles
0:47:31
It's a second bullet point on the second page.
Gardea Caphart
0:47:35
I think council member, that's money that goes to NYCHA that we don't control the programming for.
0:47:39
It only passes through our budget.
Alexa Áviles
0:47:41
So you just send it over to NYCHA and you have no idea what it's about?
Ahmed Tigani
0:47:45
I mean, so there is money in our programs to support the NYCHA PAC program, but yes, the oversight, the execution of that happens with and their executive
Alexa Áviles
0:48:00
So so you did you do note the 875,000,000 specifically for PACT, and this is a separate a separate pot of money from that.
0:48:11
So I guess,
Ahmed Tigani
0:48:13
does
Alexa Áviles
0:48:13
NYCHA report back what they're doing with $375,000,000?
Ahmed Tigani
0:48:17
I think they have information that they will provide OMB, but again we are as partners with NYCHA on a number of different programs, this is one way that we help support their programming financial support.
Alexa Áviles
0:48:30
Okay, so we'll follow-up with NYCHA.
Gardea Caphart
0:48:32
Yeah, also just to clarify that the $875,000,000 mentioned is on the capital side.
0:48:36
So the $375,000,000 is expense and the $875,000,000 is capital.
Alexa Áviles
0:48:39
Yeah, yeah.