A Public–Public Partnership
Trust Mod is a partnership between two public agencies: NYCHA and the Public Housing Preservation Trust.
NYCHA’s Role
Retains ownership of the land and buildings
Continues managing properties and tenancy matters
Maintains oversight of day-to-day operations
The
Trust’s Role
Leases the land and buildings from NYCHA
Plans, funds, and delivers comprehensive repairs, renovations, and modernization
Secures long-term funding to keep buildings in good repair after renovations