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ThreeLittlePuigs t1_j1w28jf wrote

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

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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