NYCHA in the Movies
Vol. 36, No. 2 First Class U.S. Postage Paid — Permit No. 4119, New York, N.Y. 10007 nyc.gov/nycha FEBRUARY 2006 FILE FOR MAYOR BLOOMBERG HONORS BOARD ADOPTS 2006 SPENDING PLAN NYCHA HERO FELIX VAZQUEZ THE EARNED INCOME On December 28, 2005, the Board of the Housing Authority approved a preliminary spending plan for 2006. TAX CREDIT! This spending plan will allow the Authority to provide ongoing NYCHA ESTIMATES THAT AS MANY services to the 417,000 residents of public housing and AS 30,000 RESIDENTS, OR ONE IN SIX 258,000 New Yorkers residing in private apartments utilizing FAMILIES WHO LIVE IN PUBLIC HOUSING, Section 8 rental subsidies. Highlights of the plan include: MAY BE ELIGIBLE FOR THE EARNED — Preserving cores services to residents; INCOME TAX CREDIT (EITC) WHEN THEY FILE THEIR 2005 INCOME TAX. — New funding for apartment/public space painting, The EITC is a federal, state and city emergency boiler rentals, and opening of nine new community tax credit paid to qualifying workers. centers currently in construction or pre-construction phases; and It can be claimed either as a credit on — Preserving funding for Tenant Participation Activities. your taxes or as a cash refund and can be as high as $5,940. The plan is preliminary because there remains a $168 With an average payment of $2,355 million gap between revenue and expenses. Since 2001, to qualifying New York City house- NYCHA has self-funded over $350 million in operating holds in 2004, the EITC helps hard- working families make ends meet and deficits.
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