In 2004, NYCHA contracted with the Architectural/Engineering firm
Parsons Brinckerhoff Quade and Douglas to perform a needs assessment survey of all 2500+ properties owned by the agency (excluding FHA Homes, which were inspected by in-house NYCHA personnel in about 2007). In 2005, a report was released detailing the conditions of every aspect and building component of each individual property, based on a scale of 1 to 5 (in this case, 1 being the highest or best rating, and 5 being the lowest, or poorest rating). This report identified $6.9 billion in needs required to bring the Authority's structures into a state of good repair. In 2011/12, a second needs assessment survey was done by PBQ&D, which identified $16.5 billion in needs. This represented an average of $93,000 per unit. It is anticipated that an upcoming needs assessment contract will reveal capital needs in excess of $25 billion. The needs assessment survey is divided into five broad categories, which are: Architectural, Mechanical, Electrical, Site, and Apartments. Given the large number of apartment units within NYCHA, the report's findings on apartments are based upon an inspection of 5% of NYCHA's total inventory. In mid-2007, NYCHA faced a $225 million budget shortfall. In late 2015, NYCHA announced the formation of the Fund for Public Housing, a nonprofit organization that will seek to raise $200 million over three years to supplement NYCHA's efforts and improve the lives of NYC public housing residents. The Fund received its first donation of $100,000 from the Deutsche Bank in December 2015. Also in 2015 Mayor Bill de Blasio released a plan called Next Gen NYCHA to address funding and maintenance concerns by "revamping management practices and generate revenue by building mixed-income and affordable housing on what the city deemed underused NYCHA land, and by using new federal programs to shift NYCHA apartments over to Section 8, a more stable source of federal funding". In 2018, a city-wide survey of NYCHA properties found that the organization needs $31.8 billion over five years to address unmet capital repairs including replacing broken elevators, upgrading faulty heating systems, and fix run-down kitchens and bathrooms. Despite its needed repairs, the Department of Housing and Urban Development (HUD) is cutting the agency's budget to encourage NYCHA to rely on partnerships with private property managers while Governor Andrew Cuomo is withholding his multiyear funding of $550 million until a federally required monitor is appointed to oversee the housing authority. Later that year, the
de Blasio administration announced a plan, called NYCHA 2.0, to address the capital needs of the agency which includes converting 62,000 NYCHA apartments into Section 8 and bringing in private management to oversee the backlog of repairs for the apartments, and selling air rights over NYCHA property to raise money. If units were to be brought under RAD, oversight by the monitor and the court would be terminated leading to further concerns that the mold remediation ordered in the 2013 Baez lawsuit wouldn't happen. In 2019, the administration, under NYCHA 2.0, began considering demolishing and rebuilding the
Fulton Houses in
Chelsea and the Cooper Park Houses in
Williamsburg through partnering with private developers and a 70–30 split of market-rate and affordable housing. Other developers began lobbying the city for air rights from Campos Plaza II, Fulton Houses, and the Ingersoll Houses. The approach of the administration, under NYCHA 2.0, is a turn back to
Bloomberg-era initiatives of market rate infill that he once felt ignored the concerns of NYCHA residents after a failed trial of four buildings with a 50–50 split of market-rate and low-cost housing infill did not provide enough money under Next-Gen NYCHA. Then in July, 2020 NYCHA announced a new plan called A Blueprint for Change which would transfer 110,000 apartments to a newly created public entity - a Public Housing Preservation Trust. In February, 2021 the Chelsea NYCHA Working Group released their plan for the Elliott-Chelsea Houses and the Fulton Houses and the city released an RFP for it. ==Hurricane Sandy and its impact on NYCHA==