Due to recent federal budget cuts (commonly known as "sequestration"), the New York City Housing Authority (NYCHA) announced a strategic plan to minimize the impact of a $205.5 million reduction in funds for the largest public housing authority in North America. In order to continue providing improved maintenance and repair services, NYCHA is implementing a series of budgetary cuts which include (but are not limited to) layoffs; reduction in overtime spending; a hiring freeze; the elimination of programs; and possible furloughs. NYCHA will continue its capital improvements to major projects such as roof repair, elevator rehabilitation, heating and plumbing systems, and brickwork.