Q&A
Inquiry into potential limited lien sale and its impact
3:23:26
·
74 sec
Council Member Gale A. Brewer inquires about the potential for a limited lien sale in New York City and its possible financial impact. Commissioner Preston Niblack provides some information but indicates that more detailed analysis would be needed.
- The discussion centers around a potential limited lien sale, excluding homeowners
- Currently, lienable amounts not related to property tax or water and sewer charges are small
- The financial impact of a limited lien sale in the current environment is unclear and would require further analysis
Gale A. Brewer
3:23:26
Okay.
3:23:26
If there is, in some point in the future, a lien sale, with very limited people involved for all the obvious reasons,
Shaun Abreu
3:23:36
do
Gale A. Brewer
3:23:37
you know how much could be collected as a result of a lien sale that didn't include people who own their home, etcetera?
Preston Niblack
3:23:45
Are you asking about non non non property taxes?
Gale A. Brewer
3:23:48
Yeah.
3:23:49
Property taxes.
Preston Niblack
3:23:50
Yeah.
3:23:50
The the the amounts so the amounts that are currently, lienable are, that are not property tax or water and sewer are HPD, alternative enforcement program or emergency repair program charges.
3:24:06
It's a very small amount in in terms of the overall amount that goes into the the lien sale pool usually.
Gale A. Brewer
3:24:12
Okay.
3:24:13
No.
3:24:13
I was talking about the lien sale in jail in general because we've been talking about this bill that hasn't appeared yet.
3:24:18
But I was was wondering, I know in the past you made some suggestions about a lien sale, obviously limited.
3:24:24
I just didn't know what you think in today's world, what that might produce if there is a limited lien sale.
Preston Niblack
3:24:29
Mhmm.
3:24:30
Yeah.
3:24:30
I don't know.
3:24:31
We'd have to kinda look at
Diana Ayala
3:24:32
it and I I don't have
Preston Niblack
3:24:33
an answer off the top
Gale A. Brewer
3:24:34
of it.
3:24:34
And then, finally, I'll let thank you to Rita Jen for all that she does for us in our constituent world.
3:24:39
Thank you, Rita.
