Your guide to NYC's public proceedings.
Q&A
Discussion of NYCHA's capital needs and the effectiveness of the PACT model
2:11:05
·
115 sec
Video Player is loading.
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