Citizens Budget Commission: Trustee Breakfast September 18, 2015.
-
Upload
cory-hamilton -
Category
Documents
-
view
214 -
download
0
Transcript of Citizens Budget Commission: Trustee Breakfast September 18, 2015.
![Page 1: Citizens Budget Commission: Trustee Breakfast September 18, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022062801/56649e6f5503460f94b6c85d/html5/thumbnails/1.jpg)
Citizens Budget Commission:
Trustee Breakfast
September 18, 2015
![Page 2: Citizens Budget Commission: Trustee Breakfast September 18, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022062801/56649e6f5503460f94b6c85d/html5/thumbnails/2.jpg)
NYCHA Houses 1 in 12 New Yorkers
2
![Page 3: Citizens Budget Commission: Trustee Breakfast September 18, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022062801/56649e6f5503460f94b6c85d/html5/thumbnails/3.jpg)
NYCHA’s Housing Stock is Aging
3
![Page 4: Citizens Budget Commission: Trustee Breakfast September 18, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022062801/56649e6f5503460f94b6c85d/html5/thumbnails/4.jpg)
$1 Billion Loss in Operating Funding Since 2001
4
![Page 5: Citizens Budget Commission: Trustee Breakfast September 18, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022062801/56649e6f5503460f94b6c85d/html5/thumbnails/5.jpg)
5
Financial Position - Operating
Current Reserves: Less than One Month
![Page 6: Citizens Budget Commission: Trustee Breakfast September 18, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022062801/56649e6f5503460f94b6c85d/html5/thumbnails/6.jpg)
30% Decrease in Federal Capital Funding Since 2001
6
![Page 7: Citizens Budget Commission: Trustee Breakfast September 18, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022062801/56649e6f5503460f94b6c85d/html5/thumbnails/7.jpg)
Why NextGeneration NYCHA Now?
To preserve the precious resource of public housing and to improve the lives of residents.
Aging buildings in need of repair Significantly reduced federal funding for repairs, supplies, and
renovations Large senior population aging in place Low-income families in need of affordable housing
7
![Page 8: Citizens Budget Commission: Trustee Breakfast September 18, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022062801/56649e6f5503460f94b6c85d/html5/thumbnails/8.jpg)
NextGeneration NYCHA Vision
8
Safe, Clean, and
Connected Communities
8
![Page 9: Citizens Budget Commission: Trustee Breakfast September 18, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022062801/56649e6f5503460f94b6c85d/html5/thumbnails/9.jpg)
NextGeneration NYCHA Strategies
Fund
• 1) Secure relief from PILOT
• 2) Improve collection of resident rent and fees
• 3) Lease ground floor spaces
• 4) Reduce central office costs
Operate
• 5) Transform to digital organization
• 6) Localize property management
• 7) Pursue comprehensive sustainability agenda
• 8) Increase safety and security
(Re)Build
• 9) Refine capital planning strategy
• 10) Provide land to support creation of affordable housing units
• 11) Use HUD programs to preserve units
• 12) Adopt design excellence practices
9
9
Engage Residents• 13) Transform from direct service provision to a partnership model • 14) Leverage philanthropic dollars through a 501(c)(3)• 15) Connect you to quality employment
![Page 10: Citizens Budget Commission: Trustee Breakfast September 18, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022062801/56649e6f5503460f94b6c85d/html5/thumbnails/10.jpg)
10
100% Affordable10,000 Units
$100-$200mm
Sites: All 5 boroughsAffordability: All levels
50% Aff/50% Market~6,000 Units
$300-$600mm
Sites: Higher-valueAffordability: 60% AMI
(up to $46,600 for a family of 3)
Strategy #10: New Construction of Affordable Housing
![Page 11: Citizens Budget Commission: Trustee Breakfast September 18, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022062801/56649e6f5503460f94b6c85d/html5/thumbnails/11.jpg)
Site Selection Considerations for New Construction
1. Existing conditions of NYCHA Development and Capital Needs2. Development Opportunity 3. Proximity to other Public Investments & Partnership Opportunities4. Potential monetary return to NYCHA
11
Site C
Site E
Site D
HOLMES TOWERS WYCKOFF GARDENS
![Page 12: Citizens Budget Commission: Trustee Breakfast September 18, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022062801/56649e6f5503460f94b6c85d/html5/thumbnails/12.jpg)
12
Using HUD programs to rehab and preserve RAD, Tenant Protection Vouchers, Project-
based Section 8, other
Ocean Bay – Bayside: 1,400 units Scattered sites (inherited from City): ~6,000 units Obsolete, per HUD: ~8,000 units Unfunded City and State (LLC2): ~5,000 units
Strategy #11: Preservation of Affordable Housing
![Page 13: Citizens Budget Commission: Trustee Breakfast September 18, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022062801/56649e6f5503460f94b6c85d/html5/thumbnails/13.jpg)
13
• Raise $200 Million over 3 years: A partnership model eliminates the financial burden on NYCHA to be both an effective landlord and a primary service provider. The Fund will invest in new and existing partnerships to create a network of connected communities.
• Increasing operational flexibility: improve innovation and the scope of services available to NYCHA residents. The Fund will allow for a more creative approach to partnership, fundraising and service delivery.
• Consistently measure the outcomes and impacts of resident services: the Fund and its partners can ensure excellence in service delivery and communication by incorporating feedback loops and adapting services.
• Support resident leadership development: Residents and communities are part of any partnership framework. The Fund will support NYCHA’s new resident engagement model by collaborating on the launch of a Resident Leadership Academy to develop the capacity of current and emerging leaders.
Strategy #14: Launch Fund for Public Housing
![Page 14: Citizens Budget Commission: Trustee Breakfast September 18, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022062801/56649e6f5503460f94b6c85d/html5/thumbnails/14.jpg)
The Fund for Public Housing to Launch in 2015Mission Statement
Public housing keeps New York City a city for all people. The Fund for Public Housing enables the
innovation necessary to develop cleaner, safer, and more connected public housing integrated into NYC
communities.
14
![Page 15: Citizens Budget Commission: Trustee Breakfast September 18, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022062801/56649e6f5503460f94b6c85d/html5/thumbnails/15.jpg)
The Fund: Five Areas of Focus in a Collective Impact Model
Youth and Education
Health and Wellness
Economic EmpowermentSenior Services
Sustainable Neighborhoods
15
NYCHA as Convener
![Page 16: Citizens Budget Commission: Trustee Breakfast September 18, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022062801/56649e6f5503460f94b6c85d/html5/thumbnails/16.jpg)
The Fund’s Year One Outcomes: Doing Business Differently
16
Financial
• $50 million raised• $100 million in the
pipeline• NYCHA no longer direct
service provider = $50 million cost savings annually
• Fundraising strategy operational
Strategic
• Link 20,000 residents to services by transforming social service delivery model
• Create resident owned worker cooperatives
• Train 1,000 residents by creating Resident Leadership Institute
• 20 additional community partners in Zone model expansion
• Integrated campus redesign to bring units on line and increase connectivity
![Page 17: Citizens Budget Commission: Trustee Breakfast September 18, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022062801/56649e6f5503460f94b6c85d/html5/thumbnails/17.jpg)
Continue to Focus on Our Core Business
17
• Identify and implement best practices in property management
• Improve maintenance and repair
• Modernize procurement and supply chain management
• Make our buildings more resilient and sustainable
• Improve resident and employee safety
• Contribute to the City’s effort to reduce homelessness
![Page 18: Citizens Budget Commission: Trustee Breakfast September 18, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022062801/56649e6f5503460f94b6c85d/html5/thumbnails/18.jpg)
18
What Will NextGen Accomplish?
Status quo $2.5b cumulative operating deficitImplement strategies $230m operating surplus
Financially stable
operations
Attract new resources
Address $17b capital need
Improve quality of life
for NYCHA residents
![Page 19: Citizens Budget Commission: Trustee Breakfast September 18, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022062801/56649e6f5503460f94b6c85d/html5/thumbnails/19.jpg)
19
NextGen’s Impact on the Operating Deficit
![Page 20: Citizens Budget Commission: Trustee Breakfast September 18, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022062801/56649e6f5503460f94b6c85d/html5/thumbnails/20.jpg)
20
NextGen’s Impact on the Capital Deficit
![Page 21: Citizens Budget Commission: Trustee Breakfast September 18, 2015.](https://reader035.fdocuments.us/reader035/viewer/2022062801/56649e6f5503460f94b6c85d/html5/thumbnails/21.jpg)
This is NextGeneration NYCHA
21
Safe, Clean, and
Connected Communities