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Q&A
Council Member Adams questions OMB on state budget housing funds
0:35:23
·
87 sec
Council Member Adrienne E. Adams inquires about the Office of Management and Budget's (OMB) role in managing over $1 billion in additional capital funding for housing from the state budget. OMB Director Jacques Jiha and Senior Deputy Director Tara Boirard explain that OMB is not directly responsible for submitting plans or allocating funds, but will work with NYCHA and HPD who will interact with the state.
- The state budget requires city approval for spending plans from the state budget director
- OMB will work with NYCHA to make plans for fund usage, but NYCHA will seek state approval directly
- HPD projects will receive funds directly, with OMB maintaining close contact but not determining project-by-project allocations
Adrienne E. Adams
0:35:23
The state enacted budget includes over $1,000,000,000 in additional capital funding for housing development, construction, and preservation that was secured as part of our City of Yes and City for All agreement.
0:35:35
The state budget gives broad categories for which funding can be used based on the agreement and requires the city to seek approval for spending plans from the state budget director.
0:35:45
What kind of input is OMB going to have in the process, and how is it approaching this?
Jacques Jiha
0:35:54
These are state fund and OMB.
0:35:56
Technically, we are not the entity that's responsible to submit the plan.
0:36:04
We'll make a plan with NYCHA for R to use this fund, and NYCHA would work with the state directly for approval in a timely manner.
0:36:15
And those funds that are expected to support HPD project will forward directly to those projects.
0:36:21
While we plan to remain in close contact with the state about those allocations, The determination of how those funds are awarded on a project by project basis does not rest with with us.
Adrienne E. Adams
0:36:38
So how will OMB craft and submit plans to the state for approval in a timely and efficient way?
Jacques Jiha
0:36:44
Tara, you wanna take this one?
Tara Boirard
0:36:47
Hello.
0:36:47
Hi.
0:36:48
We won't be submitting the plans.