Final Voting Procedures for the Public Housing Preservation Trust Now Available

We are pleased to announce that after several months of in-person and virtual public meetings with residents, resident leaders, and advocates to develop the Public Housing Preservation Trust draft voting procedures, and a nearly six-week public comment period on the draft voting procedures, the final voting procedures are now available.  

Based on the valuable feedback we received, both in person and in writing, we revised the draft voting procedures. Changes include: an extension of the voting period to 30 days; clarification on the information to be provided to residents ahead of a vote, including that a development’s physical needs assessment will be provided to residents; and an increase in the minimum voter participation rate to 20 percent of heads of household. You can read the final voting procedures at on.nyc.gov/trust-final-voting-procedures. 

NYCHA needs more than $40 billion to fully restore and renovate all its buildings, but the federal government has provided only a fraction of the funding needed for this critical work. We must improve the quality of life for NYCHA families – and the Trust is a new, vital tool giving residents another option to access more funding from the federal government and complete high-quality renovations faster.  

While raising billions of dollars in comprehensive renovations for thousands of NYCHA apartments, the Trust will maintain residents’ rights (including permanently affordable rent set at 30 percent of household income) and keep the properties 100 percent public.  

We will continue to meet with residents, in person and virtually, to inform you about the Trust and answer your questions. You can visit on.nyc.gov/trust-townhalls for the latest upcoming meeting dates. For more details about the Trust, please visit on.nyc.gov/preservation-trust. If you have any questions about the Trust, please send an email to trust.comments@nycha.nyc.gov. 

Additionally, starting early next year, NYCHA will begin identifying an initial list of developments where resident votes will be held in accordance with the voting procedures. NYCHA intends to identify these developments based on several factors, including the physical needs of the developments as well as continued dialogue with residents, resident leaders, and advocates. NYCHA will provide regular updates on this process beginning early next year. To clarify, no developments are voting on whether or not to join the Trust at this time; when the voting does begin, it will happen in phases, development by development. We will keep you informed every step of the way.  

Your participation is key to this resident-focused process; thank you for your partnership as we build the Trust together. We look forward to a stronger and brighter future.