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You're welcome! I hope they find it edifying too (it certainly gave me a lot of questions re: oversight lol)
For anyone interested, you can see the key findings below:
"HPD does not adequately monitor developments to ensure their compliance with the requirements of its 2017 Directive.
ƒ* Despite the scarcity of affordable housing, vacant apartments were generally not filled within the 120-day time frame, with 1,286 apartments taking, on average, 222 days to fill, including 214 that remained vacant for a year or longer.
ƒ* As of December 31, 2019, 78 developments reported 670 vacancies, 371 (55 percent) of which had been vacant for over 120 days, including 111 apartments vacant for over a year and eight apartments vacant for more than 3 years.
ƒ* We estimate that protracted delays in filling apartments cost the developments about $9.1 million in unrealized income as of December 2019.
ƒ* Of a sample of 49 vacancies from the December 31, 2019 quarterly reports, 20 were still vacant as of February 9, 2021, including 4 three-bedroom apartments in the Bronx, each with a monthly rent of less than $2,000.
ƒ* At one development – Lindsay Park in Brooklyn – 15 apartments had been vacant for as long as 30 years.
* HPD does not enforce the requirement for developments to submit plans of action for apartments vacant for over 120 days, nor does it have evidence that it follows up with developments for status updates."
Last edited by CMMaoWow22; 01-08-2023 at 06:28 PM..
Location: Read the Marketing Handbook, and Income a Guide.
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Quote:
Originally Posted by BPC1999
How can it possibly take more than a year to fill a vacant unit???
I can certainly understand 2 or 3 months, but a year or more?!?
Someone please explain to me why this is not criminal?
Indeed very strange. So much time. I can see a co-op taking longer because there are so many more parts than a lease. And, financing might collapse right before the closing. Oddly, this report handles rentals and co-ops the same.
If many people decline the unit in a series that would take time as each one schedules a visit and says no because it’s next to the dumpsters or whatever. If a unit was a terrible shape maybe not even pass an inspection that would add time as problems were remedied.
The year in question was 2019 when C19 shut things down. That might have added time. But still.
In the case of a rental, could management leave an ugly and substandard unit empty while they budget money to clean it up? Is this allowed?
Given this: "Lindsay Park in Brooklyn – 15 apartments had been vacant for as long as 30 years", I agree -- it's surely a much larger issue than just pandemic-related delays :/
I don't imagine the new mayor will be any help in getting HPD staffed well enough to keep a closer eye on Mitchell-Lama developments. Wondering if there are watch groups or something similar that can look into this...
I think for some apartments holding out is purposeful. Waiting to perhaps go private. Another scandal Mitchell lama in BK held on to apartments for years in order to sell them to people off the books. They keep apartment inventories. Some incompetence but I think mostly purposeful.
Not surprising but terrible just the same. People in New York City need more affordable housing, not less!
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