Q&A
Updates on HPD term sheets for affordable housing programs
6:01:16
·
44 sec
Council Member Sanchez inquires about updates to various HPD term sheets for affordable housing programs. OMB Senior Deputy Director Tara Boirard provides information on the status of updates for different term sheets, particularly the Neighborhood Pillars program.
- The Neighborhood Pillars term sheet is expected to be updated by the end of the calendar year.
- Updates focus on acquisition costs and program definitions, considering changes since 2019.
- OMB is reviewing new construction term sheets and working on preservation items with HPD.
Pierina Ana Sanchez
6:01:16
The second set of questions is about HPD's term sheets.
6:01:19
So in the city council's preliminary budget response, we expressed the need for HPD to quickly update term sheets to induce the creation and preservation of more affordable housing, making the programs more attractive to the development community.
6:01:31
So, are there any new term sheets that are expected by the end of June?
6:01:36
HPD
Alexa Avilés
6:01:37
in
Pierina Ana Sanchez
6:01:37
in the hearing with with my committee said that neighborhood pillars was going to be updated.
6:01:42
Can you provide an update on what changes are being considered?
6:01:45
Are there changes being considered for the open door or affordable housing, affordable homeownership term sheet?
6:01:51
And are there other term sheets like Ella for low income rentals, Sarah for senior housing, or any of the supportive housing term sheets that are gonna be updated is set 1.
