I represent 25 NYCHA developments, more than any DSA elected official. If you want to understand why many of my constituents—who’ve waited all their lives for NYCHA to make repairs—don’t agree with you, you should try talking to them, or invite us next time you have a teach-in.https://twitter.com/juliacarmel__/status/1463986288449703938 …
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Hi Senator Salazar! It would be greatly appreciated if you could explain the difference between the Blueprint, which I understand to be privatizing public housing, versus the preservation trust you are referring to, that would be greatly appreciated.
The preservation trust is what the blueprint legislation creates. It creates a new public authority that has authority to do things NYCHA can’t do, including - using different federal public subsidy sources - issues bonds and holding debt - design build
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I personally don’t think it’s privatization. I think it’s is reforming NYCHA so it is can act by the same rules as every other public agency (NYPL, MTA, DOE, etc) Those who are calling it privatization are worried about what happens if bond-holders/lenders have a stake in NYCHA
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I think these are both valid takes, btw. I’m just trying to explain what the debate is about. I think the ability to bring NYCHA, a public agency, into the 21st century is necessary for it to survive as a public agency - but I get/respect resident distrust of the plan!
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