New York City Mayor Eric Adams and NYCHA CEO Lisa Bova-Hiatt have initiated the resident engagement process for the first resident vote for the Public Housing Preservation Trust. The first vote will take place at Nostrand Houses in Brooklyn, starting this November.  

Nostrand Houses, facing over $600 million in capital needs, was selected due to its high level of immediate physical needs. Established in May 2023, The trust allows residents to vote on the future of their development, including options to enter the trust or join the Permanent Affordability Commitment Together program to access alternative federal funding. Residents can also choose to maintain the traditional public housing financing model, although this would slow down major repairs.  

“Every revolution has to start somewhere, and our housing revolution is going to start at Nostrand Houses in Sheepshead Bay,” said Mayor Adams. “After decades of neglect and disinvestment by the federal government, the NYCHA Trust is the tool we need to unlock billions of dollars for public housing families across the five boroughs.