McKenzie explains RAD/PACT conversions and OAC licensing agreements
McKenzie says NYCHA pursues RAD through PACT programs. When a development converts, OACs remain with licensing agreements between them and the new landlord. The agreement outlines space needs and interaction between provider and landlord. NYC Aging approaches transitions on a site-by-site basis.
Additionally, NYCHA has pursued the Rental Assistance Demonstration, RAD, through their Permanent Affordability Commitment Together programs, PACT.
NYC Aging has needed to work more closely with NYCHA as the relationship with our centers has evolved or changed with these programs.
When a NYCHA development converts through their program, OACs remain at those locations with licensing agreements between them and the new landlord once NYCHA has relinquished control of the site.
This agreement also outlines the space needs for that location and the interaction between the provider and landlord.
As the PAC program continues to develop through NYCHA, more OACs are being involved in those changes and approach these transitions on a site-by-site basis.