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Budget This: More Time


LOS ANGELES-There is nothing more boring than a budget hearing schedule.
I attended my first ever budget kickoff for the County of Los Angeles and was informed by Mike Antonovich that I would be given sixty seconds to address the entire $28 billion budget at the time.  
I thought that seemed right as no other speakers, save the chap from SEIU had shown up. I dragged out the government code Government code 29080 and 29081 which were cited by the presiding Mayor of the Board of Supervisors and the budget hearing was closed after 120 seconds of testimony. I urged them to honor GC 29080 and 29081 and reset a second public hearing with fair notice.  ....

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Housing in Brief: NYCHA Strikes Deal With Private Developers to Manage and Repair Units


A group of private developers will repair more than 1,700 public housing units in New York after securing a $271 million loan, according to a report in Real Estate Weekly. The New York City Housing Authority struck the deal with PACT Renaissance Collaborative, a joint venture between Monadnock Development, Community Preservation Corporation, Community Development Trust, Kalel Holdings, Lemor Development Group, and Community League of the Heights (CLOTH), according to the report. As part of the deal, NYCHA will lease 16 of its properties to the joint venture, which will be responsible for fixing and operating the units. NYCHA will maintain ownership of the properties and administer rent subsidies through the Section 8 voucher program, and will also “monitor conditions at the developments, preserve resident protections and guarantee permanent affordability,” according to the report. ....

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