Council Member Encarnación asks about NYCHA land value and revenue

Thank you.

Councilwoman Claude Narcion.

Thank you.

And thank you for working on my last name, Chair.

I'm getting good.

I'm getting good.

And I'm going to apologize in advance.

You have two public housing people back to back.

So I know that most of those questions I will ask in the public housing committee.

But I did want to know when a development.

Is identified for infill or any kind of revenue that comes from selling of that development land or air or I don't know what is being sold.

How and who determines the value of that?

Is that NITRA determining the value of that?

Does anyone in the city play a role in the value of that land and what revenue we get from that?

Sure, I can speak to this at a high level.

DCP does not have a direct role in that.

Obviously, NYCHA's core to providing affordable housing in our city.

And I spent over a decade of my career at NYCHA, very, very close to my heart, and the work that we do.

I understand that when NYCHA pursues those projects, they work to negotiate the best deal possible to ensure that residents have permanent affordability and that their buildings are brought to a state of good repair.

We're certainly happy to bring responses back to you.

Yeah, but you think it mostly is with NYCHA, meaning that you guys don't have, I just want to make sure that I ask the question.

We will make sure that we can get a response to you.

And then, so are you, when you talk about this partnership, are you in partnership with how and when that revenue will be spent or where it will be spent or is that also solely with them?

So there's not a role for DCP in that process.

And I think, you know, to the extent that they're a mixed-use project, sometimes there's HPD partnership.

But we can certainly coordinate with our colleagues at NYCHA and make sure to get a response.