Res. No. 26
Title
Resolution calling upon the New York City Housing Authority to assess the feasibility of utilizing cogeneration to increase energy efficiency in its developments.
Body
By Council Members Cabrera, Ampry-Samuel and Cornegy
Whereas, The New York City Housing Authority ("NYCHA") is a public housing authority with 326 developments, 2,462 buildings, and 176,066 public housing units, making it the largest public housing provider in North America; and
Whereas, Federal funding, which comprises the bulk of NYCHA's capital and operating budgets, has declined substantially over the past several years; and
Whereas, Since 2001, NYCHA's federal capital grants have fallen from $420 million annually to $318 million annually; and
Whereas, As the capital needs of NYCHA's aging infrastructure grow, operating expenses, such as maintenance and repair costs increase; and
Whereas, In addition to maintenance and repair costs, NYCHA's Operating Fund is used for a vast array of day-to-day operations including utilities; and
Whereas, According to NYCHA's most recent Five Year Operating Plan, utility expenditures, which make up a significant portion of NYCHA's operating budget, are expected to increase from $530 million in 2017 to $551 million in 2021; and
Whereas, NYCHA's operating budget is funded by the United States Department of Housing and Urban Development ("HUD"); and
Whereas, NYCHA's funding is based on the subsidy eligibility of all public housing authorities in the nation and HUD's annual federal appropriation; and
Whereas, If the national eligibility exceeds the federal appropriation, HUD must prorate the allocation of subsidy; and
Whereas, Since 2001, proration has resulted in a cumulative operating subsidy loss of over $1.31 billion for NYCHA; and
Whereas, In 2007, the City released a long-term sustainability plan, PlaNYC 2030, which emphasized the critical importance of improving energy ...
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