Preserving Public HousingOverview

for Pending Land Lease Request For Proposal

LaGuardia HousesJune 17, 2013

Let’s hear from everyone No interruptions Treat everyone with respect Respect different opinions Speaker slips are available to register for the open

comment time at the end of the presentations No videotaping

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Meeting Guidelines

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Key Changes Implemented Due to Resident Feedback

Design and Zoning Information Section 18 Project Timeline Comments and Q & A

Discussion Topics

Key Changes Implemented Due to Resident Feedback

NYCHA has extended the release date of the pending Request for Proposal (RFP) by several months

100% of revenue generated from rent will be invested to meet the capital needs at the eight (8) affected developments in the initial period.

At least 20% of the apartments will be permanently low-income available to households earning a range of incomes below 60% of Area Median Income (AMI) for NYC Metro Area.

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Key Changes Implemented Due to Resident Feedback

NYCHA has restricted the height that can be built on the LaGuardia Houses development sites.

New Building designs must improve affected NYCHA developments, be thoughtfully designed.

Developers will be competitively scored on their willingness to increase the percentage of permanently affordable apartments and or to decrease the average AMI below 50%

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Key Changes Implemented Due to Resident Feedback

Proposers will be required to submit a NYCHA resident hiring plan detailing initiatives targeted at hiring NYCHA residents.

At least 15% of the total labor cost for construction work should be made-up of NYCHA residents.

NYCHA will require that proposers adhere to Section 3-like hiring goals; 30% of permanent employment opportunities will be targeted to NYCHA residents.

Designated developers will be required to conduct meetings, discussions with residents, elected officials and community boards , as project planning is refined and Section 18 applications are prepared during 2014. 6

Some Key Steps: Resident Consultation

- Residents have the right to submit separate written comments about the Section 18 application

Environmental Review:- Completion of environmental assessment of proposed development

projects pursuant to the federal National Environmental Policy Act (NEPA) and State Environmental Quality Review Act (SEQRA); in New York City, environmental review follows the City Environmental Quality Review (CEQR) manual

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Section 18

Before NYCHA may enter into a ground lease HUD must approve the proposed transaction.

Some Key Steps: Notice of Disposition in NYCHA Annual Plan

Appraisal of development site

Description of How Proceeds from Land Leases (disposition) Will Be Used

Elected Official Consultation

Letter dated and signed by Deputy Mayor that demonstrates NYCHA has consulted with the appropriate local government officials about the proposed disposition

Adoption of a resolution by the NYCHA Board to authorize submission of the Section 18 application

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Section 18

Before NYCHA may enter into a ground lease HUD must approve the proposed transaction.

LaGuardia HousesMadison Street Site

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LaGuardia HousesMadison Street Site

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LaGuardia HousesRutgers Street Site

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LaGuardia HousesRutgers Street Site

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$13.4 Billion Unmet Capital Need NYCHA Wide for the Next 5 Years

LaGuardia Houses currently has a total of $79 Million in capital needs

NYCHA’s current 5 year Modernization Plan budgets $10.1 Million for LaGuardia Houses for 2013-2017

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Land Lease OpportunityKey Milestones 2013

Release RFP Pre-Submission Conference Proposals due Interviews/Applicant Presentations Selection Committee makes recommendation to NYCHA Board Board Conditionally Designates Developer(s) CDLs issued to Developers NYCHA to develop its Annual Plan (per HUD Section 18) Throughout the year, there will be periodic engagement with

residents and other stakeholders (elected officials and Community Boards)

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Land Lease Opportunity Key Milestones 2014

NYCHA Annual Plan becomes effective Preparation of Section 18 Application (Draft) Commence Environmental Review Engagement with residents and other stakeholders

(elected and CBs) – “Official S18 Meetings” Board Approval to submit Section 18 Application to HUD Submission of Section 18 Application to HUD Throughout the year, there will be on-going engagement

with residents and other stakeholders (elected officials and Community Boards)

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Land Lease OpportunityKey Milestones 2015-2016

Key Milestones 2015 HUD may issue questions on application (est. / time may vary) Prepare responses to HUD questions HUD reviews S18 Application (with approval targeted in December). Throughout the year, there will be periodic engagement with residents

and other stakeholders (elected officials and Community Boards) Key Milestones 2016 Upon approval, enter Ground Lease agreement(s) Construction preparation & groundbreaking Throughout the year, there will be periodic engagement with residents

and other stakeholders (elected officials and Community Boards)

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Land Lease Website http://on.nyc.gov/landlease

Public Comments can be submitted online and in writing to: NYC Housing AuthorityLand Lease Comments

PO Box 3422 New York NY 10008