Your guide to NYC's public proceedings.
Q&A
Council Member Brannan questions NYCHA CEO about RAD PACT and federal funding impacts
2:47:11
·
3 min
Council Member Justin Brannan engages in a Q&A session with NYCHA CEO Lisa Bova-Hiatt regarding the RAD PACT program, potential federal funding changes, and their impact on NYCHA's transformation plan. They discuss the uncertainties surrounding federal budget allocations for housing programs and the challenges faced in securing affordable housing funding.
- Bova-Hiatt reveals that proposed federal funding levels for fiscal year 2024 show a decrease from $337 million to $300 million.
- The discussion touches on the potential expansion of the RAD PACT program under the current Congress, which seems unlikely given the administration's apparent lack of interest in traditional public housing.
- NYCHA is actively engaging with the New York congressional delegation and others to address these funding concerns.
Justin Brannan
2:47:11
Okay, I want to talk about RAD PACT and the trust.
2:47:15
A core component of NYCHA's transformation plan is RAD PACT.
2:47:20
Through RAD PACT, NYCHA will utilize federally funded project based section eight vouchers to convert 62,000 apartments to private management.
2:47:29
RAD PAC is important because NYCHA can unlock federal funding, we understand, for its housing that has been systematically dismantled.
2:47:36
However, now that federal funding may be at risk.
2:47:39
So how do you think the changes with the federal administration will impact federal funding for RAD PAC and what kind of indicators are you seeing specifically around that?
2:48:43
What about the trust?
2:48:52
How realistic do you think an expansion of the RAD PAC program is under this Congress?
2:49:37
And have you been speaking with the congressional the New York congressional delegation?
2:50:12
Okay.
Lisa Bova-Hiatt
2:47:53
The enacted levels for fiscal year twenty four were $337,000,000 The proposed levels from the House and Senate are 300,000,000 so there's not that much of a change.
2:48:08
And right now it's a little challenging to determine what's going to happen because in the President's skinny budget they lumped everything together.
2:48:18
So we're not sure exactly what part of the budget or the budget cuts would affect Section nine or Section eight.
2:48:27
But we will continue to monitor it closely.
2:48:30
Frankly it could affect everything both our Section nine traditional TPVs and our regular vouchers for Section eight.
2:48:46
They also rely on TPVs.
2:48:58
That's very hard to say.
2:49:01
It seems like this administration is not interested in traditional public housing.
2:49:10
It also based on the budget seems like they're not interested in any type of affordable housing.
2:49:17
So at this moment it's really a crisis not only in New York but across the country to really make sure that affordable, consistent housing is available for our most vulnerable residents.
2:49:42
We've been speaking with everyone who will listen to us.
2:49:47
And I think right now we're in that odd time between getting a more detailed idea of what the president's skinny budget looks like.
2:50:01
And once we see the fuller plan obviously those conversations will increase.