CM Marte questions OMB on NYCHA physical needs assessment update
Councilmember Marte asks about the updated NYCHA capital needs number. Solomon confirms it's $78 billion as of January 2026, a slight decrease from $78.6 billion. DiStefano explains the decrease reflects progress on PACT, TRUST, and Section 9 renovations bending the cost curve.
Thank you for being here.
I want to plus one what Councilmember Avila said about NYCHA and continue on that front.
And the mayor's block-by-block housing plan notes that the capital investment in NYCHA since 2018
2023 has begun to slow the growth of NYCHA's P&A for the first time in recent history.
The most cited number of the authority total needs of approximately $78 billion from 2023.
Is there a more updated number than this 2023?
Or is there a number going to come out soon that's more recent to make a better assessment?
As of January 2026, the estimated P&A is at $78 billion.
And so it's a slight decrease from the 2025 estimate of $78.6 billion.
Yeah.
And how did you determine that?
What factors led to the slowdown?
So the physical needs assessment is done by NYCHA, not by OMB, but in terms of how they're attributing to the decrease, it's really the progress that's been made on the developments.
So everything that's happening with, will be happening with the trust, with the pact, with the renovations to Section 9, helps to bring down the cost and bend the curve.
Okay.