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December 12, 2018The New York City Housing Authority's (NYCHA's) NYCHA 2.0 plan can help stabilize the system and deserves support.
November 16, 2018Expanding public-private partnerships is a big step in the right direction, and more needs to be done to put NYCHA on sounder footing.
November 15, 2018NYCHA has an astounding $32 billion in capital needs, a nearly fivefold increase over the last decade. Today nearly all its properties require substantial rehabilitation.
Op Ed Housing
October 17, 2018The City's committment to create and preserve affordable housing units and make critical repairs at NYCHA is unprecedented. But can this effort address affordability for all rent-burdened New Yorkers?
October 11, 2018Housing affordability is a perennial concern of New Yorkers and their elected officials, and the production and preservation of affordable housing is a key priority of the de Blasio Administration.
October 10, 2018Mr. Stanley Brezenoff oversees 326 public housing developments that are home to more than 400,000 New Yorkers. Mr. Brezenoff's shares his reaction to recent CBC research and gives an update on NYCHA's activities and planning.
October 02, 2018CBC illustrates how changes to an "infill" development project’s location or affordability mix can significantly affect revenue and units rehabilitated at NYCHA.
September 13, 2018NYC Advisory Commission on Property Tax Reform is charged with recommending reforms to make the NYC property tax fairer, simpler, and more transparent. CBC, the Regional Plan Association, and NYU Wagner convened a panel to discuss the current property tax system and the reforms that should be pursued.
August 29, 2018Every three years, the U.S. Census Bureau conducts a New York City Housing and Vacancy Survey (HVS), which provides the most comprehensive information available on the size, nature, and condition of New York City’s housing stock.
Press Mention Housing
July 11, 2018A day after announcing a vast new inspection plan for lead in New York City public housing, Mayor Bill de Blasio on Tuesday doubled down on his administration’s commitment, vowing to “eradicate this problem once and for all.”
He said private contractors using specialized equipment would conduct inspections of every public housing apartment where lead paint might have been used — some 130,000 units — in order to create a database of those that contain lead paint and those that do not.
Maria Doulis, vice president at the nonprofit Citizens Budget Commission, said the mayor’s plan to use outside contractors for inspections was an “encouraging sign,” but added that the new spending on inspections would not address underlying management and operational issues at the sprawling Housing Authority.
Press Mention Housing
July 05, 2018“NYCHA’s needs are staggering,” warns the Citizens Budget Commission in its latest report on the challenges facing the city Public Housing Authority.
Staggering, indeed: The agency’s latest assessment is that it needs to spend $32 billion on repairs over the next five years — but faces an eye-popping $25 billion deficit.
And recent state and city commitments of new cash barely dent NYCHA’s need.
Without vastly more funds, the CBC warns, within a decade some 90 percent of NYCHA’s units could deteriorate to the point that they’d be cheaper to rebuild than to repair — but either bill would dwarf that $32 billion figure.
The agency needs $5.6 billion to fix kitchens and bathrooms, $2.9 billion for apartment floors, $3.1 billion to repair boiler and heating systems, $1.5 billion to replace elevators … and on and on.
The CBC offers a way to generate some $7 billion toward those bills, a rescue plan of sorts for an agency that houses 400,000 low-income New Yorkers. But it depends on radical change.
For example: Shrink the number of properties NYCHA owns and manages directly, shifting responsibility to private for-profit and nonprofit housing groups. This could cut capital needs by $2.6 billion — but New York’s ideologues will fight it tooth and nail. As they will oppose the CBC recommendation that NYCHA sell air rights and underused land to developers to fund another $3 billion in repairs.
The naysayers think it’s a betrayal to privatize any portion of NYCHA’s housing stock, even if it gives tenants better options. Rather than let the Housing Authority evolve, they’re apparently willing to let the city’s entire public-housing stock literally fall apart.
Press Release Housing
July 03, 2018"Stabilizing the Foundations" is a comprehensive report that details the causes of NYCHA's massive capital needs and presents recommendations that should be adopted to improve tenants' quality of life.
July 03, 2018Rather than continue as the nation’s largest landlord, NYCHA should transition to an affordable housing steward employing a full range of strategies to preserve the affordability of its units.
July 02, 2018Radical changes need to be undertaken immediately
June 19, 2018Marisa Lago, Director of the Department of City Planning and Chair of the City Planning Comission, joined the CBC to discuss the U.S. Census, neighborhood revitalization, housing afforability, and resiliency and sustainability.
March 05, 2018Has the PLA between NYCHA and the BCTC delivered on expected savings? An evaluation is needed before any decision to renew the PLA.
Report Economic Development
February 06, 2013This scorecard assesses the New York City metropolitan area’s competitiveness in attracting, cultivating and retaining talent. The scorecard is based on the relative performance of the New York City metro area against 14 of the largest domestic metro areas on a comprehensive set of quantitative indicators.