baruch houses land lease presentation 4-22-13 (english)
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Preserving Public HousingRoundtable Discussion
Baruch HousesApril 22, 2013
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Introductions
Conversation Guidelines
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Let’s hear from everyone No interruptions Treat everyone with respect Respect different opinions No videotaping Facilitators will take comments and questions at
tables Note-takers are capturing ideas and opinions. No
names will be used.
NYCHA’s Land Lease Proposal
Proposal to lease land to a developer for construction of a new apartment building.
All revenue will go to building improvements at Baruch Houses and other
NYCHA developments.4
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Overview of Land Lease Proposal Building Site and Design Options Request for Proposal Project Timeline Comments and Q & A
Discussion Topics
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Overview of Land Lease Proposal
$13.4 Billion Unmet Capital Need NYCHA Wide for the Next 5 Years
Baruch Houses currently has $264 Million in capital needsNYCHA’s current 5 year Modernization Plan budgets $10.7 Million for Baruch Houses for 2013-2017
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Overview: Land Lease Proposed Plan
NYCHA would lease (not sell) 14 parcels of land located within 8 developments
Income generated will be dedicated to building improvements for public housing
The developers will finance, construct, and operate new residential buildings.
Approximately 80% of the apartments will be market rate and 20% will be permanently low income 8
Setting the Record Straight: At Baruch the Development Plan Will: Not increase rent for NYCHA residents
due to the new developments.
Not demolish public housing apartments
Not move NYCHA families
Not privatize – NYCHA will still be the landlord
Not sell the land; NYCHA will own the land under the new buildings.
Not result in job losses or increased work requirements for NYCHA personnel.
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NYCHA’s Core Principles for Development
All new buildings located along street fronts to encourage pedestrian traffic and campus integration with the neighborhood and reduce construction impact
Replacement of all parking spaces for all current resident legal permit holders
NYCHA will remain your landlord and retain ownership of the land under the new buildings via 99-year ground leases
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Benefits NYCHA Wide
This initiative will generate between $30 million and $50 million of funding on a yearly basis for 99 years (term of ground lease)
All revenue will be used to improve the quality of life of NYCHA residents by funding a portion of critical capital improvements – example: roofs, elevators, boilers, electrical system, apartment upgrades
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Benefits for Baruch Houses Residents
Alternative power for systems during blackouts such as hallway and stair lighting, heat and hot water, elevators and security
Construction and permanent jobs opportunities for NYCHA residents
Enhanced security features for the entire development
Preference for low income apartments in the new buildings
Affordability restrictions are permanent12
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Baruch Houses
Land Lease Plan
Baruch Houses: Where We Are
144,280 residents live at Baruch Houses
Development Opportunity at Baruch HousesDevelopment Site: Site Area: 26,200SF (approx.)
New Construction: 350,000 SF (approx.) / 378 Apartments*
Affordable units will be available to households with incomes at or BELOW 60% of Area Median Income (AMI)
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Maximum Allowable Income
1 person $ 36,120
2 person $ 41,280
3 person $ 46,440
4 person $ 51,540
*Calculation based on 925 SF unit size assumption
East Houston Street Development Site
Baruch Houses: Development Site
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Comments and Concerns about Land Lease Proposal
Group Discussion #1
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Process to ask developers for their ideas based on specific
guidelines that NYCHA provides
Request for Proposal
RFP is currently in development
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Guidelines Under Consideration Alternate power source
Distribution of apartment units
Employment opportunities & training
Preference for Baruch Houses residents for affordable units
Financial literacy training
Group Discussion #2
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Request for Proposal Alternate power source
Distribution of apartment units
Employment opportunities & training
Preference for Baruch Houses residents for affordable units
Financial literacy training
Next Steps in 2013
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RFP out end of April Round of resident discussions Proposals submitted July/August Round of resident discussions Designation of developer Fall 2013 Round of discussions with residents, NYCHA Staff
and designated developer
Key Milestones 2014-2016Ongoing resident discussions
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Environmental review
Submission of Section 18 application
HUD Review of Section 18 application
Upon approval, enter lease agreement
Construction preparation & groundbreaking
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Q & A
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Land Lease Websitehttp://on.nyc.gov/landlease
Public comments can be submitted online and in writing to:New York City Housing Authority
Land Lease CommentsPO Box 3422
New York, NY 10008
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