Your guide to NYC's public proceedings.
AGENCY TESTIMONY
Introduction and overview of NYCHA's commitment to residents
2:37:58
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94 sec
Lisa Bova-Hiatt, NYCHA's CEO, introduces herself and key team members at a City Council hearing on NYCHA's fiscal outlook. She emphasizes NYCHA's commitment to improving residents' quality of life despite managing aging buildings with significant capital needs.
- Highlights NYCHA's progress in serving residents despite challenges
- Mentions the $80 billion capital need for NYCHA's aging building portfolio
- Sets the stage for discussing specific challenges and initiatives
Lisa Bova-Hiatt
2:37:58
Chairs Chris Banks and Justin Brannan, members of the Committee on Public Housing and Finance, other distinguished members of the City Council, NYCHA residents, community advocates, and members of the public, good afternoon.
2:38:12
I'm Lisa Bova Hyatt, NYCHA's Chief Executive Officer.
2:38:16
I am pleased to be joined by Chief Operating Officer Eva Trimble, Executive Vice President of Finance and Chief Financial Officer Anika Lescott Martinez, Chief Asset and Capital Management Officer Sean Movani, and other members of NYCHA's team.
2:38:36
NYCHA's adopted budget was approved by its Board of Directors in December.
2:38:41
Thank you for this opportunity to provide updates on NYCHA's fiscal outlook for calendar and NYCHA fiscal year 2025 as well as our efforts to transform our organization and improve residents' quality of life.
2:38:57
As always, we remain entirely committed to improving the quality of life for NYCHA residents by making the best use of the limited funding that's available while also pursuing innovative housing preservation programs that are radically transforming residents homes.
2:39:16
We're making considerable progress in how we serve residents despite the significant challenges of managing a portfolio of rapidly aging buildings suffering from nearly $80,000,000,000 of capital need.