Over 90% of NY capital project financing comes through public authorities selling bonds. Bonds/debt aren’t inherently bad. Like all tools, it depends on how they’re used. Without bonds large scale public projects are literally impossible.
-
Id be interested in hearing how the Blueprint for NYCHA will reduce the power of Russ considering how the site for it talks about it as his idea (based on collaboration with residents). What is the relationship between RAD and the Blueprint for NYCHA?
Oof. The NYCHA Preservation Trust (shorthand = blueprint) creates a public trust that can own and manage 25,000 units of currently NYCHA owned properties. That Trust (if created) would have capacities that NYCHA currently doesn't have. 1/3
-
-
It could have access to more generous federal subsidy programs (increasing the federal public operative subsidy to NYCHA by several billion a year), and give NYCHA the capacity to issue bonds/take on debt 2/3
-
The Trust is proposed State law. RAD (Rental Assistance Demonstration) is a federal program that has been used to convert 100s of thousands of public housing units across the country to private management. 3/WAY MORE THAN 3
- Show replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.