In this report, IBO explores the potential roadblocks to the Trust’s success, and its benefits and risks, as well as other operational reforms contained in NYCHA’s greater reform plan, A Blueprint for Change.
Executive Order No. 24, dated January 27, 2023 is being submitted for the effectiveness and integrity of city government operations where there shall be a Mayor's Office of Risk Management and Compliance and there shall be a Mayor's Office of Municipal Services Assessment effective immediately.
The New York City Housing Authority regularly passes its five-year operating budget with funding gaps, which in last year’s plan exceeded $300 million in most years. IBO examines changes in NYCHA’s budget, including the subsidies the city provides to NYCHA, and looks at challenges ahead.
The city’s public housing authority has to deal with removing lead paint, fixing broken elevators, a backlog of thousands of other repairs—and growing budget gaps. See the details on the housing authority’s fiscal challenges.