In addition to laying out the incredible expense of bringing the public housing of New York City into good repair, the Citizens Budget Commission also included recommendations for how to cover those costs.
"The Citizens Budget Commission released recommendations Tuesday suggesting how the New York Housing Authority could meet its $32 billion capital needs," reports Gabriella Iannetta.
According to Ianetta, the CBC, "recommends the agency be fully integrated into the city’s affordable housing strategy, transitioning NYCHA from a landlord to an affordable housing steward that manages fewer buildings by accelerating public-private partnerships, utilizing air rights and infill development to fund repairs and renovations, and improving operations and construction management."
The financing recommendations follow a report detailing the $31.8 billion over the next five years in capital investment needs. The number increases to $45.2 billion when extended 20 years. "[N]owhere near that amount of cash is expected to be allocated in federal, state or city budgets," adds Iannetta. Joe Anuta writes an earlier article devoted to the findings of the Monday report, following the scoop on the report by Sally Goldenberg.
FULL STORY: CBC calls for 'dramatic changes' to address NYCHA's $32B capital need
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Delivering for America Plan Will Downgrade Mail Service in at Least 49.5 Percent of Zip Codes
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Balancing Bombs and Butterflies: How the National Guard Protects a Rare Species
The National Guard at Fort Indiantown Gap uses GIS technology and land management strategies to balance military training with conservation efforts, ensuring the survival of the rare eastern regal fritillary butterfly.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
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Planetizen
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Mpact (formerly Rail~Volution)
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research
NYU Wagner Graduate School of Public Service