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Preserving Public Housing
Overview
for Pending Land Lease
Request For Proposal
Meltzer Tower
June 20, 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
2
Meeting Guidelines
3
 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.
4
Key Changes Implemented Due to
Resident Feedback
 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%
5
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
7
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 8
Section 18
Before NYCHA may enter into a ground lease HUD must approve the
proposed transaction.
Meltzer Tower
East 1st Street Site
9
Meltzer Tower
East 1st Street Site
10
Land Lease Site Area:
18,798SF
New Construction:
121,445SF Residential
18,798SF Commercial
Total Number of Apartments*: 130
*Assumption: 925SF/Apartment
$13.4 Billion Unmet Capital Need NYCHA Wide
for the Next 5 Years
Meltzer Tower currently
has a total of $10.5
Million in capital needs
NYCHA’s current 5 year
Modernization Plan
budgets $167,000 for
Meltzer Tower for
2013-2017
11
Land Lease Opportunity
Key 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)
12
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)
13
Land Lease Opportunity
Key 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)
14
15
Land Lease Website
http://on.nyc.gov/landlease
Public Comments can be submitted online and in writing to:
NYC Housing Authority
Land Lease Comments
PO Box 3422
New York NY 10008

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Meltzer Land Lease Presentation 6-19-13

  • 1. Preserving Public Housing Overview for Pending Land Lease Request For Proposal Meltzer Tower June 20, 2013
  • 2.  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 2 Meeting Guidelines
  • 3. 3  Key Changes Implemented Due to Resident Feedback  Design and Zoning Information  Section 18  Project Timeline  Comments and Q & A Discussion Topics
  • 4. 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. 4
  • 5. Key Changes Implemented Due to Resident Feedback  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% 5
  • 6. 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
  • 7. 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 7 Section 18 Before NYCHA may enter into a ground lease HUD must approve the proposed transaction.
  • 8. 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 8 Section 18 Before NYCHA may enter into a ground lease HUD must approve the proposed transaction.
  • 9. Meltzer Tower East 1st Street Site 9
  • 10. Meltzer Tower East 1st Street Site 10 Land Lease Site Area: 18,798SF New Construction: 121,445SF Residential 18,798SF Commercial Total Number of Apartments*: 130 *Assumption: 925SF/Apartment
  • 11. $13.4 Billion Unmet Capital Need NYCHA Wide for the Next 5 Years Meltzer Tower currently has a total of $10.5 Million in capital needs NYCHA’s current 5 year Modernization Plan budgets $167,000 for Meltzer Tower for 2013-2017 11
  • 12. Land Lease Opportunity Key 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) 12
  • 13. 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) 13
  • 14. Land Lease Opportunity Key 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) 14
  • 15. 15 Land Lease Website http://on.nyc.gov/landlease Public Comments can be submitted online and in writing to: NYC Housing Authority Land Lease Comments PO Box 3422 New York NY 10008