Today, we are joined by Gregory Russ to talk about how NYCHA is reforming its approach to public housing in New York. Gregory was appointed Chair and CEO of the NYC Housing Authority in 2019. He is a seasoned housing professional with decades of management experience, who has helped to rebuild and strengthen public housing authorities across the country. Gregory begins by laying out the context of the issues New York is facing, where he describes a dysfunctional institutional structure combined with severely undercapitalized housing stock. He touches on the history of NYCHA’s recapitalization issues and the methods they are using to rectify this by reforming their approach in line with the HUD agreement. He breaks down NYCHA’s recent adoption of a property-first mentality, the role of partnerships with investors in growing support, and how programs such as RAD and PACT are being utilized as mechanisms for recapitalization and investment. What Gregory shares is encouraging in terms of the future for NYCHA and public housing in general, so be sure to join for today’s discussion.
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