Join ULI New York’s Young Leaders Group on Tuesday, January 24 at 5:30 PM for a conversation with Seth Bynum (Senior Project Executive at Genesis Companies) and Anne Gergen (Associate Director of Preconstruction at Monadnock) on the the intricacies of revitalizing communities through the NYCHA PACT program.

Under this program, major repairs are made to a specific development when NYCHA shifts the federal subsidy supporting the development from the public housing program to the Housing Choice Voucher (Section 8) Program. In New York City, the RAD program is called PACT (Permanent Affordability Commitment Together). PACT developments become permanently affordable through contracts that remain in effect in perpetuity, renewed every 20 years, eliminating any risks of rents becoming market-rate. Learn more here