P.A.C.T. Development Handbook: Tools and Best Practices for PACT Conversion s in NYC

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Summary
This new resource provides an overview of the PACT program for future development teams, highlighting best practices and lessons learned from the first four PACT conversions in New York City.
Description

The purpose of this handbook is to provide a resource for development teams, ensuring that the features unique to PACT and key lessons learned from the initial conversions are transferred early on in the conversion process for future PACT development teams. The Handbook describes and outlines successful approaches, considerations, useful tools and resources in order to:

  • Provide an overview of the PACT program for future development teams, highlighting best practices and lessons learned from the first four conversions;
  • Emphasize components that are unique because of the PACT program requirements and/or the specifics of working with NYCHA and NYCHA residents compared to other affordable housing preservation projects;
  • Highlight strategies throughout the process to maximize benefits for residents.¬†

The information included in the handbook combines key takeaways from the RAD Learning Collaborative workshops and information collected during interviews with NYCHA staff and development team members who have participated in PACT projects.

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