RPA NYCHA 84

Oct 2019

Time to Act

Restoring the Promise of NYC’s Public Housing

That we have let more than 400,000 of our neighbors fall into terrible living conditions is a source of shame for us all. Government and the greater civic world of New York City need to engage on this issue.

Key Findings

NYCHA Sign Cropped

That we have let more than 400,000 of our neighbors fall into terrible living conditions is a source of shame for us all. It is not just incumbent on government to turn the tide; the greater civic world of New York City also needs to engage on this issue.

1

A Call for Support: Forming a New Civic Coalition for NYCHA

RPA NYCHA 138 Report NYCHA Time to Act
2

Make NYCHA the Centerpiece of New York City’s Housing Plan

  • 176,780 Affordable units have been preserved by the City of New York from 2005 – 2019.
  • There are 173,762 public housing apartments in New York City.
Basketball NYCHA tilt
IMG 0934 Report NYCHA Time to Act
Just as the city has a plan to build or preserve 300,000 units of affordable housing, it must also commit to preserving, in its entirety, all 174,000 units of public housing.
3

Create a Separate Public Development Entity for NYCHA

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4

Invest in the Next Generation of Public Housing

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CarsonSall

Back Cover Report NYCHA Time to Act
With $45 billion in capital needs, the bottom line is that NYCHA needs significantly more capital funding, and quickly.
NYCHA Management Office

The main priority now needs to be implementing existing plans, including PACT to Preserve and Build to Preserve, and scaling up the speed at which they can be realized rather than revisiting details, which would require even more delays.

NYCHA Revenue

5

Generate New Revenue in the Long-Term by Supplementing the Existing Transfer to Preserve Program with New Options

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NYCHA map
RPA estimates that there are 672 NYCHA properties holding a total of approximately 78.2 million square feet of unused development rights.
6

Have High-End Real Estate Contribute its Fair Share to NYCHA

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In just 13 years, the record for most expensive apartment sold in New York City went from $45 million to $238 million dollars, a 428% increase, and 16 times the rate of inflation.
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Eden, Janine, and Jim
Almost 75,000 apartments in New York City are used as part-time residences and not available for full-time New York residents, contributing to New York City’s housing emergency.

It is indisputable that NYCHA is in need of significant management reform.

7

Return to Development-Based Operations

8

Create a Skills-Based Exchange Program for Property Managers

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9

Continue to Expand the Role of City Government in NYCHA Operations

RPA NYCHA 78 Report NYCHA Time to Act
10

Bring Independent Voices to the Board of Directors

If we manage to turn this situation around, we must make sure we do not repeat the mistakes of the past.

The Time To Act is Now

Acknowledgements

Funded By

Ford Foundation
Deutsche Bank Foundation
PNC Foundation
Suffolk Construction
RXR Realty

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