Our team is excited to work with residents to create a scope of work to meet resident’s needs. The team is focused on creating safe, accessible and sustainable living environments for the residents who occupy the 664 apartments in the Frederick Samuel Apartments. Our primary goal is to improve the quality of life within the portfolio by implementing high quality, innovative, yet cost effective design and construction standards, integrating active and passive green spaces, and encouraging sustainable residential gardens. The rehabilitation scope includes a wide range of items – from updated heating and ventilation systems that will ensure that tenants live in adequately heated units with fresh air, to renovated kitchens and baths that will be modern and clean, to redecorated and refreshed lobbies and hallways that will be pleasant to enter, to upgraded security systems that will improve the safety of residents and the community. All these improvements – large and small, cosmetic and systemic, will deliver not only tangible, physical improvements to the properties, but will also bring innumerable intangible, qualitative benefits to building residents that result from living in a secure, attractive and sustainable environment.
The Permanent Affordability Commitment Together (PACT) program, is a program that the New York City Housing Authority (NYCHA) launched in 2016 to help renovate and preserve its housing stock. Through the PACT program, NYCHA takes advantage of the Rental Assistance Demonstration (RAD) program administered by the U.S. Department of Housing Preservation and Development to convert select developments from Section 9 public housing subsidy to Project-Based Section 8 subsidy. The Section 8 program historically has been a much more stable funding source than Section 9 and allows NYCHA to leverage other funding sources to finance repairs while still ensuring long-term affordability for the residents.
PACT relies on partnerships between NYCHA, NYCHA residents and public and non-profit development partners. Through PACT, NYCHA and NYCHA residents select private and non-profit development partners who will conduct repairs, serve as the new on-site property manager, and provide social services and community programming for the residents. Once the project is converted to Project Based Section 8, NYCHA leases the land to the development partners who will be responsible for day-to-day management of the property, however NYCHA will retain ownership and will continue to monitor the development.
Under PACT, the 40 residential buildings that make up the Frederick Samuel Apartments will convert to Project Based Section 8. Once the buildings are converted, NYCHA will lease the land and buildings to the PACT Partners who will conduct repairs and serve as the new property manager. Tenants will continue to pay no more than 30% of their adjusted income toward rent and will keep the same rights and protections.
Transition to private property management
Rehabilitation work begins Continued resident engagement