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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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