Russ was controversial for his unusually large salary of $414,000 to $430,000 while serving as both NYCHA CEO and chair.
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His dual role split last fall in the wake of the arsenic water scare at the Jacob Riis Houses last year and became chair only, dropping his salary to $258,000.
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Russ is a holdover from the de Blasio administration, which lured him from running the Minneapolis Housing Authority in August 2019.
He took the job while commuting from Minnesota to a home in Tribeca.
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His last day will be in February, and the NYCHA chair role is expected to become a part-time volunteer position.
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