79 Years Strong

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Douglass Houses

April 3, 2013

Preserving Public Housing

A Roadmap for Preservation

Ensures that public housing remains available for current and future generations of New Yorkers

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Plan NYCHA Development NYCHA worked hand in hand

by hosting dozens of meetings with residents, electeds, community partners and employees Thousands of residents

provided input into proposals including:o Looking at ways to use NYCHA’s

most valuable asset –our land- to generate revenue

o Development of new mixed-use, mixed-income housing to support more families in need

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A Roadmap for the Future

A Call to: Preserve public

housing – buildings, communities and opportunities Restore financial

stability Transform the way we

do things Improve services

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Two Different Federal Funding Streams support NYCHA’s Activities

Capital:► Covers roofs, bricks,

elevators and electrical, plumbing and heating systems

► Requires long term planning

► Calls for complex and lengthy execution

Operating:► Covers building

maintenance and repairs, day to day operations and administration

► Based on HUD funding formula that short changes NYCHA

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Both Capital and Operating funding has declined.

-$900-$800-$700-$600-$500-$400-$300-$200-$100

$02001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

In M

illio

ns o

f Dol

lars

Cumulative Annual Capital Funding Decline Since 2001

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Funding Declined Over $876M

-$800-$700-$600-$500-$400-$300-$200-$100

$02001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Operating Funding Decline Since 2001

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Funding Declined Over $750M

Dol

lars

in M

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NYCHA’s Unmet Need For Capital Investment Will Increase From $6B today to $13.4B

Over the next 5 YearsCapital Investment at Douglass Houses:

•$192M total identified needsfor the next 5 years

•$22M planned for the next 5 years including:•Garbage collection systems•Playground equipment•Elevators rehab•Heating systems

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Proposed Plan will help Preserve Public Housing for Current and Future Families

NYCHA would lease (not sell) 14 parcels of land located within 8 developments

Income generated will be dedicated to building improvements for public housing

The developers would finance, construct, and operate new residential buildings.

Approximately 80% of the apartments will be market rate and 20% will be permanently low income

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Setting the Record Straight:This is a Plan to Save Douglass Houses

The Development Plan Will: Not increase rent for NYCHA

residents due to the new developments.

Not demolish public housing apartments

Not displace NYCHA families Not privatize – NYCHA will still be

the landlord Not sell the land; NYCHA will own

the land under the new buildings. Not result in job losses or increased

work requirements for NYCHA personnel.

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NYCHA’s Core Principles for Development All new buildings located along

street fronts to encourage pedestrian traffic and campus integration with the neighborhood and reduce construction impact

Replacement of all parking spaces for all current resident legal permit holders

NYCHA will remain your landlord and retain ownership of the land under the new buildings via 99-year ground leases

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Douglass Houses: Where We Are

144,612 residents live at Douglass Houses & Addition

Douglass Houses: Proposed Development Sites

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Development Opportunity at Douglass Houses

Manhattan Avenue Site

Site Area: 19,000 SF

New Construction: 340,000 SF (approx.)

Estimated # of new apts: 368 units

West 100th Street Site

Site Area: 18,750 SF

New Construction: 220,000 SF (approx.)

Estimated # of new apts: 189 units

West 104th Street Site

Site Area: 16,000 SF

New Construction: 175,000 SF (approx.)

Estimated # of new apts: 237 units

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Maximum Allowable Income

1 person $ 36,120

2 persons $ 41,280

3 persons $ 46,440

4 persons $ 51,540

Low Income units will be available to households with incomes at or below 60% of Area Median Income (AMI)

Douglass Houses Today

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Benefits NYCHA Wide

We estimate that this initiative would generate between $30 Million and $50 Million of funding on a yearly basis for 99 years (term of ground lease)

New funding streams will be used to improve the quality of life of NYCHA residents by funding a portion of critical capital improvements

This initiative will generate approximately 800permanently low income housing units for low income New Yorkers

NYCHA residents will be given a preference for the low-income units

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Benefits for Douglass Houses Residents

Preference for low income apartments in the new buildings

Alternative power during blackouts for critical systems such as hallway and stair lighting, heat and hot water, elevators and security

Enhanced security features for the entire development

Construction and permanent job opportunities for NYCHA residents

Increased investment in critical capital needs to preserve Douglass Houses

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Land Lease Websitehttp://on.nyc.gov/landlease

Public Comments can be submitted online and in writing to:

NYC Housing AuthorityLand Lease Comments

PO Box 3422 New York NY 10008

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Q & A