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Council Member Sanchez highlights gaps in the executive budget proposal
0:06:37
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74 sec
Council Member Sanchez outlines several areas where the executive budget falls short of the council's recommendations. She emphasizes the need for increased funding in various housing-related programs and initiatives.
- The council called for $2.2 million in expense funding to enhance HPD's litigation team, which was not included in the executive budget.
- They requested $600 million in capital funds for a reformed Third Party Transfer program, which was also not addressed in the budget.
- Sanchez notes that the capital commitment plan has grown only marginally, with much of the increase allocated to PACT/NYCHA rather than HPD.
- She expresses hope for additional investments in preservation programs at adoption.
Pierina Ana Sanchez
0:06:37
First, in the council's f y twenty six preliminary budget response, we called on the administration to add 2,200,000.0 in expense funding to enhance HPD's litigation team.
0:06:50
Second, we called for a significant expansion of a reformed version of the third party transfer program, seeking an additional 600,000,000 in capital funds to ensure that once adopted, the program will have the proper resources to hold the worst landlords accountable for their neglect and to stabilize the city's most distressed properties.
0:07:12
In both respects, the mayor's executive budget is lacking.
0:07:15
In fact, they failed to devote even a single dollar to either of these proposals.
0:07:21
Third and last for now, capital commitment plan has grown only marginally since the preliminary budget.
0:07:28
The ten year capital commitment plan grows by 325,000,000, but much of this is for PACT, which will flow to NYCHA, not HPD.
0:07:37
As I said during prelim, within the constraints of our bonding power, we need to maximize the capital budget and invest more than ever to preservation programs.
0:07:47
We've yet to see these these materialize and hope to see additional investments at adoption.