Chair Lee on NYCHA capital needs and block-by-block housing plan

Okay, and then just really quickly, this is my last question around the block by block, which is the mayor's new housing plan.

It outlines several key objectives and tools for addressing the citywide housing shortage.

The report discusses several key agencies, including HPD, DOB, NYCHA, and DCP.

So for NYCHA, for example, while the executive capital commitment plan includes $90 million of additional capital funding for Section 9 vacant unit readiness, this amount is dwarfed by the additional $500 million for packed conversions.

Has IBO identified other key capital investment areas that could drive down NYCHA's total?

Capital need.

So NYCHA receives capital funding from the federal government directly, and that's on an annual basis, and that is budgeted separately within NYCHA's capital budget.

So that's separate from what's in the city's capital budget.

But within the city's capital budget, there is funding for the vacant readiness.

It's currently budgeted through fiscal year 2028.

And this is part of a larger bucket of city capital subsidies for public housing, which has about $1.2 billion in fiscal year 2026,

$836 million in 2027, and $210 million in 2028.

So these funds are for capital work such as asbestos and lead abatement.

elevator, boiler, and roof repairs.

One thing that we always note is that one of the things with NIH's capital budget is that it is subject to both the ability to hire up contractors to get construction projects started.

And so with any capital budget, there's a certain amount of money that

that is budgeted in one year that might be rolled into the next year, and that is quite typical.

I'm just going to pass off to Councilmember Narcisse that has a couple questions.