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SolitaryMarmot t1_j1w0ki5 wrote

Reply to comment by ThreeLittlePuigs in NYCHA residents without heat, hot water on Christmas weekend by 1600hazenstreet

NYCHA has always been federally funded. The state and city just reached a deal in the last budget to create a new PBC that would allow state, city and private funds to be raised for the new capital plan...the Public Housing Trust or some such name. But I don't think that money has been appropriated, only authorized so far. The dream is to shift NYCHA away from federal funding TO more state and city funding but that is not a politically popular move.

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ThreeLittlePuigs t1_j1w28jf wrote

That's not how the trust actually works. It converts from section 9 housing to section 8, which you get more federal dollars for per unit. This allows the private companies to collect more money for the rehab work that needs to be done. Same deal virtually as RAD/PACT.

And yes, I know it has always been federally funded, but the city and state ALSO have always put in money. The City also has the ability to manage the Chair and the CEO thus requiring them to pay attention to NYCHA (something this city and state have not done aside from the Trust).

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SolitaryMarmot t1_j1wg1iq wrote

but the trust will get more city and state funding than NYCHA did previously right? and it will also do its own borrowing as a PBC. I mean like a substantial amount, not like 3% of the capital budget like the city and state is used to chipping in. I honestly never noticed any city and state spending on NYCHA in past budgets but I'm sure its there if you say so. I'm still questioning how realistic it is the state chips in with the trust. The most powerful person in Albany has exactly zero NYCHA resident contituents. The city is down to cutting story time at libraries. Like its hard enough to get the damn Medicaid bill paid. I'm 100% willing to be pleasantly surprised. But I think it has suited everyone to point at HUD and make them the bad guy thus far.

but I'm not sure it entirely matters because I'm like 90% confident that in 10 years NYCHA will have to reimburse HUD a gazillion dollars once they figure NYCHA let the section 9 tenants stay in section 8 converted apartments who weren't eligible and that's why they aren't in NYCHA section 8 apartments to begin with. Very few things in life are guaranteed except death, taxes and NYCHA fucking up those conversions.

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