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Q&A
Discussion of NYCHA's capital needs and the effectiveness of the PACT model
2:11:05
·
115 sec
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
Lisa Bova-Hiatt
2:11:05
I think resident engagement is important.
2:11:09
However, we have buildings that we've had to empty and board up because the capital need was just so great.
2:11:20
And I think everyone is fooling themselves if they think that these issues are going to resolve themselves.
2:11:27
PACT is a model that works and we see hundreds of buildings that have converted where tenants are living in the conditions that they deserve to be living in.
2:11:41
In contrast, we have an $80,000,000,000 capital need and there's no money coming from DC to provide that support.
2:11:53
Maintenance is tied to capital repairs, which is tied to the conditions of our apartments.
Chris Banks
2:12:00
Well, listen.
2:12:01
We and I've heard that in the previous hearing, and and we do understand there's a major need for capital investment in public housing.
2:12:12
We're just saying give the tenants the right to weigh in on that.
2:12:16
That that I don't I don't you know, I don't I just wanna be clear that it's not night and day and a need for capital investments.
2:12:24
And if the residents choose to go RAD PAC, that should be a choice they should make.
2:12:31
And that's that's what I'm I'm I'm I'm I'm I'm I'm hoping the administration, I'm hoping the the authority understands that the residents just wanna have a say.
2:12:43
And to say that we do years and years of engagement, it it it it again, it just comes off as you just throw this program at the residents and, you know, they really don't have a true say in the future of the development.