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Q&A
NYCHA's capital projects, prioritization, and PACT's role in addressing capital needs
3:20:10
·
167 sec
Council Member Chris Banks questions NYCHA representatives about the authority's capital projects, prioritization process, and how the PACT program addresses capital needs. Shaan Mavani, NYCHA's Chief Asset & Capital Management Officer, provides detailed explanations on these topics.
- NYCHA's capital projects primarily focus on HUD pillar compliance areas such as heating, elevators, waste management, and comprehensive modernization
- Project prioritization involves analyzing data on site conditions, repair frequency, work tickets, and resident feedback
- The PACT program, along with the trust conversions, is projected to address about half of NYCHA's $78 billion capital need, potentially reducing it to around $40 billion
Chris Banks
3:20:10
Okay.
3:20:12
And when it comes to capital projects now, given that NYCHA's capital need is over 78,000,000,000, how is it its five year capital plan is only 7,800,000,000.0.
3:20:30
How are how are projects prioritized by the authority?
3:22:12
Do do you have an estimate of how much of that is going to be covered by PAC?
Lisa Bova-Hiatt
3:20:34
That's a great question.
3:20:36
I'm gonna turn it over to Sean Movani.
Shaan Mavani
3:20:38
Sure.
3:20:40
So the vast majority of our capital projects relate again to the HUD pillar compliance areas that you cited earlier.
3:20:47
So the largest portions of our budgets are going to heating investments, investments, waste management investments, comprehensive modernization that is also focused on lead based paint, leaks and mold, and those type of areas.
3:21:01
We obviously have other programs like our city funded roofing program, a lot of safety and security work, and then we have other infrastructural work like, for example, plumbing risers, and then we have the discretionary projects from city council funding and state funding.
3:21:18
So within the compliance areas as we allocate funding, we look at a number of different data sources around the conditions of each site, the physical conditions, but also how much repairs we're doing, how many work tickets residents are putting in, the type of repairs, etcetera, to understand where we're making a large operating cost investment that would be better served by a capital renovation.
3:21:42
So in any given area we will prioritize for example within heating.
3:21:45
We'll look at heating systems performance along with our operational colleagues who manage the heating systems.
3:21:50
Look at the physical assets, work order tickets, staff feedback.
3:21:55
We also collect resident leaders priorities at each site and try to consider that in the prioritization process.
3:22:01
And then we'll come up with a priority queue.
3:22:04
And then in as much as the funding we have allows us to go down to a certain number on that priority queue, will fund those projects.
3:22:11
That's typically the process.
3:22:20
Yeah.
3:22:21
When we released the 2023 P and A, we released along with that a forecast of how those 78,000,000,000 as you cited would be addressed through the 62,000 units that Lisa mentioned is our public goal for PACT.
3:22:35
And at the time we modeled out that between future PAC conversions up to that 62,000 number plus the trust conversions up to the 25,000 unit cap in the trust legislation, that would address about half of the need.
3:22:51
So that would take us from 78,000,000,000 to closer to 40,000,000,000.
3:22:54
And that is what we're progressing towards.