Mayor Fiorello H. LaGuardia Houses on Manhattan's Lower East Side has nine buildings, 15 and 16-stories tall with 1,093 apartments housing some 2,596 residents. LaGuardia Houses has a $79 million unmet need for capital building improvements over the next 5 years.

2. 79 Years Strong

3. Preserving Public Housing
LaGuardia Houses
March 2013
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4. A Roadmap for Preservation
Ensures that public housing remains available for
current and future generations of New Yorkers
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5. Plan NYCHA Development
 NYCHA worked hand in hand
by hosting dozens of meetings
with residents, electeds,
community partners and
employees
 Thousands of residents
provided input into proposals
including:
o Looking at ways to use NYCHA’s
most valuable asset –our land- to
generate revenue
o Development of new mixed-use,
mixed-income housing to support
more families in need
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6. A Roadmap for the Future
A Call to:
 Preserve public
housing – buildings,
communities and
opportunities
 Restore financial
stability
 Transform the way we
do things
 Improve services
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7. Why Now?
NYCHA Is Struggling To Get Ahead
 Severe government
funding shortages
 Unmet capital needs
 Structural operating
deficit
 Regulatory burdens
hinder us from
controlling costs
 Aging and decaying
buildings
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8. Two Different Federal
Funding Streams
Capital: Operating:
► Covers roofs, bricks, ► Covers building
elevators and maintenance and
electrical, plumbing repairs, day to day
and heating systems operations and
► Requires long term
administration
planning ► Based on HUD funding
formula that short
► Calls for complex and
changes NYCHA
lengthy execution
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9. Insufficient Capital Funds For
Rehabilitation Needs
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
$0
-$100
In Millions of Dollars
-$200
-$300
-$400
-$500
-$600
-$700 Underfunded by
-$800 $876 Million
-$900
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10. Loss Of Operating Dollars For
Maintenance, Repairs And Services
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
$0
Dollars in Millions
-$100
-$200
-$300
-$400
-$500
-$600 $ 750 Million
Deficit
-$700
-$800
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11. $13.4 Billion Unmet Capital Need
NYCHA Wide for the Next 5 Years
LaGuardia Houses
and Addition have a
total of $79 Million
need for capital
improvements
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12. Plan NYCHA
Is Our Plan Of Action
To restore
financial stability
by looking for
other sources of
long-term
funding
opportunities
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13. Proposed Plan will help Preserve Public
Housing for Current and Future Families
 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.
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14. Proposed Plan will help Preserve Public
Housing for Current and Future Families
 Private developers will
pay NYCHA for the right
to build on leased land
that NYCHA owns (and
will continue to own)
 Approximately 80% of
the apartments will be
market rate and 20% will
be permanently low
income 14

15. Setting the Record Straight
The Development Plan Will:
 Not increase rent for NYCHA
residents due to the new
developments.
 Not demolish public housing
apartments
 Not displace 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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16. NYCHA’s Core Principles for Development
 Location of new buildings along
street fronts to encourage
pedestrian traffic and campus
integration with the
neighborhood
 Replacement of all parking
spaces for all current resident
legal permit holders at impacted
developments
 Compactor yards relocated on
campus
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17. NYCHA’s Core Principles for Development
 Where space is available,
other impacted areas will
be relocated, replaced
and/or reconfigured (i.e.,
seating areas and gardens)
 NYCHA will remain your
landlord and retain
ownership of the land
under the new buildings via
99-year ground leases
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18. 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)
 New funding streams will be used to improve the
quality of life of NYCHA residents by funding a
portion of critical capital improvements
 This initiative will generate approximately 800
permanently low income housing units for low
income New Yorkers
 NYCHA residents will be given a preference for
the low-income units
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19. LaGuardia Houses: Where We Are
2,764 residents live at LaGuardia Houses & Addition
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20. LaGuardia Houses: Development Sites
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21. Development Opportunity at LaGuardia Houses
Madison Street Site
 Site Area: 9,000 SF
 New Construction: 135,000 SF
(approx.)
Rutgers Street Site
 Site Area: 7,500 SF
 New Construction: 120,000 SF
(approx.)
 Affordable units will be
available to households with
incomes at or BELOW 60% of
Area Median Income (AMI)
Maximum Allowable Income
1 person $ 36,120
2 persons $ 41,280
3 persons $ 46,440
4 persons $ 51,540
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22. LaGuardia Houses Today
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23. Benefits for LaGuardia Houses Residents
 Preference for low income
apartments in the new
buildings
 Affordability restrictions are
permanent
 Alternative power for systems
during blackouts such as
hallway and stair lighting, heat
and hot water, elevators and
security
 Construction and permanent
job opportunities for NYCHA
residents
 Enhanced security features for
the entire development
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24. Closing Statement
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25. Q&A
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