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Discussion of NYCHA's capital needs and the effectiveness of the PACT model

2:11:05

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115 sec

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      NYCHA CEO Lisa Bova-Hiatt outlines the authority's significant capital needs and argues for the effectiveness of the PACT model in addressing these issues. Chair Chris Banks continues to advocate for resident voting rights.

      • NYCHA faces an $80 billion capital need with limited funding from federal sources
      • Some buildings have been emptied and boarded up due to extensive capital needs
      • NYCHA argues that the PACT model has successfully improved living conditions in converted buildings
      • Chair Banks acknowledges the need for capital investments but insists on formal resident voting in the conversion process
      • The discussion highlights the ongoing tension between addressing urgent capital needs and ensuring resident input in the process