Affirming Our Commitment to Serving the Â鶹Çø Community
Dear Residents,
As many of you know, the federal government recently issued, and continues to issue and update, Presidential Executive Orders and related guidance that may have implications for the granting and use of federal funding. Â鶹Çø is working tirelessly with its city, state, and federal partners to understand the potential impact of this federal directive.
Â鶹Çø receives significant funding from the federal government that is used to serve more than 500,000 Â鶹Çø residents and voucher holders on a daily basis. Every year, Â鶹Çø receives over $1.5 billion in federal operating subsidy, over $750 million in federal capital grant funding, and over $2.1 billion in federal Section 8 funding.
Like many organizations in New York State and across the nation, Â鶹Çø is analyzing how this may affect our community, and is prepared to address all scenarios that the Authority may face.
As we await additional details and clarity, we will continue to prioritize the delivery of services to Â鶹Çø residents, maintaining our core focus on the pillars of the HUD agreement and our ongoing work to transform the Authority.
The residents, staff, and partners who comprise our Â鶹Çø community have always been a beacon during difficult times. For nearly a century – and through numerous hardships – we have demonstrated time and again that our mission to provide and preserve public housing for hundreds of thousands of New Yorkers remains paramount. Resident safety, security, and continuity of services remain Â鶹Çø’s top priority.
I am proud to call you my partners – together, we will navigate any challenges at hand.
Sincerely,
Lisa Bova-Hiatt
Chief Executive Officer