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Editor's Notes

• #3: Presenter �C General Manager Cecil HouseIntroduction: Good Evening everyone and welcome. I ask that everyone place take a seat we are about to begin the meeting.My name is Cecil House and I am the General Manager for the New York City Housing Authority. Tonight��s meeting is a very important meeting about preserving public housing. This is a start of many more conversations to come.It is a pleasure to be here �C we have NYCHA staff from various departments �C Development, Communications, Capital Projects, Operations, REES. But before we begin the meeting I would like to inform you of the following [Ask Interpreters to come up to podium]: We have available interpreters in Spanish, Chinese and Russian. They are going to come up now and introduce themselves and explain that we have wireless interpretation equipment; that will enable you to hear the presentation simultaneously in Spanish, Chinese and Russian.We also have sign languages interpreters who will be signing during the presentationI would like to go over some Ground Rules:We are here to listenIf you would like to speak or ask a question �C we ask that you complete a speaker slip [Hold up a sample of speaker slip] This is a meeting for residents so we are going to take questions from residents first and then move on to other questions if time permits.We ask that your comments are respectful and that you be considerate of others and allow them time to share their questionsIf you have any personal and/or specific need or issue related to your apartment �C please raise your hand, NYCHA staff is here to assist you.
• #4: Presenter �C General Manager Cecil HouseTonight��s meeting is a conversation about preserving, maintaining and protecting public housing for another 79 years. We want public housing to be here for future generations. As you know Baruch is 54 years old and is the largest development in Manhattan. I know that this important for you because you have taken the time out to come to this meeting.This is a continuation of several years of conversation that we have had going back to 2006 when NYCHA embarked on the first Plan to Preserve Public Housing to find alternative ideas and ways to preserve public housing.[HOLD UP 2006 PPPH Booklet] In this plan we talked about many ways to generate revenue to maintain and preserve this vital resource called public housing
• #5: Presenter �C General Manager Cecil HouseIn 2011 we introduced Plan NYCHA which was a collaborative effort again continuing the conversation. [HOLD Plan NYCHA Report up]
• #6: Presenter �C General Manager Cecil HouseMany of you may have participated in the Plan NYCHA roundtables and community conversations across the city were more than a dozens of meetings that NYCHA held with residents, elected officials and other key stakeholders. �C
• #7: Presenter �C General Manager Cecil HouseEmphasis the points on the slide �C WE are not doing anything else but preserving public housing for the future.Preserve �C this NOT about demolishing, selling or privatizing public housingRestore �C But in order to preserve public housing we need to restore financial stability. How do we transform the way we do things?Transforming �C we can NO longer continue to do business the way we have been. We cannot have residents waiting for much needed repairs. We need to be much more efficient and better at what we do. Improve: When we transform and do better we provide better customer service.So we all share the same interest which is to preserve public housing. But the big challenge is achieving financial stability. All this preservation requires money and resources. Which NYCHA DOES NOT have right now.
• #8: Presenter �C General Manager Cecil HouseImagine that this big ball represents the more than 400,000 residents and over 2,500 buildings that make up NYCHA. Or imagine that this ball represents Baruch Houses and the over 5,400 families that call this home.For a very long time we have not received the adequate amount of funding from the federal governmentRegulatory burdens such as having to pay prevailing wages to all of employees, contractors and vendors are costly to NYCHAAging buildings �C Most of our buildings are more than 40 years old �C Therefore they require more maintenance and repairs and we need to find a way to prevent the buildings from decaying any further.So we are pushing this big boulder up a hill.
• #9: Presenter �C Presenter �C General Manager Cecil House will ask staff from Capital Projects and Operations to explain Capital and Operation FundingSo this is very important I want to talk about the two sources of funding we receive.I am going to ask that members the Capital Projects Division and Operations come up to explain to all of you the difference between Capital and Operating Funding.Rebecca Finlan, Capital Projects DivisionLuis Ponce, Operations
• #10: Presenter �C Capital ProjectsAfter Rebecca finishes �C both Rebecca and Ponce are still standing with you.Just to make it clear we have been underfunded by $876 million that could have been used for fixing elevators, roofs, boilers
• #11: Presenter �C OperationsJust to make it clear we have been underfunded by $750 million that could have been used for apartment repairs.
• #12: Presenter �C GM House$6 Billion is the current unmet capital need and over the next 5 years this need will more than double for a total amount of $13.4 BillionReiterate again the lack of the cumulative capital funding over the next 5years. Emphasize that NYCHA does not have enough money and that we cannot therefore make the necessary capital improvements or repairs.General Manager Cecil House will present this slide and then turn over presentation to EVP Fred Harris who is going to talk you through a proposal that will help us general critical funds to ensure financial stability.
• #13: Presenter �CExecutive Vice President for Development, Fred Harris
• #14: Presenter �C Fred Harris
• #15: Presenter �CExecutive Vice President for Development, Fred Harris
• #16: Presenter �C Fred Harris
• #17: Presenter �CExecutive Vice President for Development, Fred Harris
• #18: Presenter �CExecutive Vice President for Development, Fred Harris
• #19: Presenter �C Katherine Gray, Senior Portfolio Manager
• #20: Presenter �C Katherine Gray, Senior Portfolio Manager
• #21: Presenter �C Bernel Hall- Senior Portfolio Manager
• #22: Presenter �C Katherine Gray, Senior Portfolio Manager
• #23: Presenter �CExecutive Vice President for Development, Fred Harris who will then turn it over to General Manager Cecil HousePlease note that the amount of money will be reinvested into Public Housing �C in Baruch and across the city at other NYCHA developments.General Manager Cecil House will then introduce Presenter �C Bernel Hall- Senior Portfolio Managerwho is the Team Leader for this project.
• #24: Presenter �C Fred Harris
• #26: Remind residents that we have copies of the presentation on the way out and also please visit the NYCHA website for updates.This is the start of many more conversations.
• #27: General Manager and team will field questions from the audience