Back to Minnesota: NYCHA chair Greg Russ to go away submit with metropolis housing nonetheless a multitude


High-salaried New York City Housing Authority Chairman Gregory Russ is stepping down from his gentle mid-six-figure place this week.

Russ, who earned between $414,000 and $430,000 yearly as a result of the embattled NYCHA’s chairman and CEO, will announce his departure on Thursday, The City first reported.

Formerly the highest of the Minneapolis Housing Authority, Russ was tasked with rescuing the nation’s largest public housing authority from a financial hole fueled by a very long time of mismanagement.

But he took the place whereas commuting from his Midwest home to his leased high-rise in Tribeca.

He earned properly over $400,000 per yr until closing fall, when the fallout from an arsenic water scare at NYCHA housing developments spurred the federally monitored firm to separate the chairman and CEO jobs.

Greg Russ speaks at a podium with Mayor Eric Adams seated to his left.
Greg Russ pictured with Mayor Eric Adams in June 2022.
Paul Martinka for NY Post

According to The City, Russ’ pay subsequently fell to a $258,000 – the an identical as New York City Mayor Eric Adams and larger than Gov. Kathy Hochul’s $250,000.

Russ’ closing day is reportedly scheduled for mid-February. Following his departure, the chairman place will transition to a part-time, volunteer submit.

“By having NYCHA’s chair be part-time, NYCHA’s governance reflects the public housing industry norm of having a part-time chair,” Alicka Ampry-Samuel, an administrator of the HUD office overseeing New York, knowledgeable The City.

Greg Russ faced the unenviable task of rescuing the NYCHA from financials straits.
Greg Russ confronted the unenviable job of rescuing the NYCHA from financials straits.
William Farrington for NY Post

The specifics of the change are “still under discussion,” she said.

In addition to ameliorating NYCHA’s money troubles, Russ was moreover confronted with cleaning up the messes left by his predecessors after an investigation by the Manhattan U.S. Attorney revealed a historic previous of mismanagement and laxity about unfit conditions.

Former prosecutor Bart Schwartz, who moreover has been often called out for his extreme pay at taxpayer expense, was appointed monitor of the authority ahead of Russ’s hiring, and a timeline for reforms and repairs was put in place.

But no matter NYCHA’s valiant effort to take away lead paint from tens of a whole lot of fashions and to enhance air movement applications to forestall mildew, Russ’s time interval in the long run lacked primary progress.

Last spring, metropolis council members have been outraged to pay attention to that Schwartz had spent $32 million, nevertheless didn’t institute a number of the anticipated modified.

Thanks partly to a shortfall in rent assortment by way of the pandemic, the NYCHA’s unresolved resident restore requests elevated from 582,000 to 681,000 closing yr, The City said.

An elevator restore sweep paid for by city moreover fell behind schedule. Over the holidays, a whole lot of tenants have been stranded with out heat and scorching water.

Amid a spate of false begins, the primary victory of Russ’s tenure was the official approval of a “preservation trust” that may switch funding for 25,000 flats to Section 8 federal housing vouchers.

The shift will allow a perception helmed by the NYCHA to borrow 1000’s and 1000’s in restore funds by way of bond selections. The board that may oversee the idea’s actions shall be common later this yr. 

New York City Hall and the Department of Housing and Urban Development didn’t immediately reply to The Post’s request for a comment.

Back to Minnesota: NYCHA chair Greg Russ to go away submit with metropolis housing nonetheless a multitude.For More Article Visit Passengernews24

Comments are closed.