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QUESTION

What are the details regarding the cost and participation in the program being discussed?

0:19:36

·

58 sec

The deputy commissioner explains that the program allows property owners to address specific issues separately, such as roof replacement or heating system repairs, rather than all at once.

The participation numbers include properties that may have benefited from the program more than once
Owners can focus on one system at a time, like replacing a roof initially and then the heating system later
This flexibility is a key benefit of the program, allowing owners to address issues as they arise over time

Pierina Ana Sanchez

0:19:36

So when we look at I have some data that was shared here from 2014 to present.

0:19:44

In terms of the cost of the program, number of properties that are participating, these number of properties are they could be inclusive of properties that were the benefit more than once?

Kim Darga

0:19:53

Yes.

0:19:53

Okay.

0:19:54

And I would just add some color to that.

0:19:58

I think this is one of the Ben benefits of g 51, right, that an owner that has an issue with one system today can focus on that one system you know, the way that owners actually do work, they they usually are not doing everything at once.

0:20:14

Right?

0:20:14

The roof starts to have issues.

0:20:16

They wanna focus on replacement of the roof.

0:20:19

Right?

0:20:20

The heating system is having some issues.

0:20:22

They wanna focus on the heating.

0:20:24

Those may not happen at the same time.

0:20:25

And so This is one of those programs where you might have somebody today, apply for the roof, and in 5 years focused on the heating system.

Pierina Ana Sanchez

0:20:34

Got it.

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What are the application fees and process for renovation projects under the proposed policy?