QUESTION
What information was collected about rents and tenant incomes for the previous version of the Affordable Housing NYC program?
0:37:53
·
29 sec
The Department of Housing Preservation and Development did not require information about tenant incomes or rents for buildings participating in the previous version of the Affordable Housing NYC program.
- The only requirement was that the buildings had to be rent stabilized.
- Beyond the initial eligibility review of rent stabilization, no additional rent or income data was collected.
- The new version of the program requires collecting information on tenant incomes and rents.
Pierina Ana Sanchez
0:37:53
And just on on AMI's understanding the previous version of of the program may they it did not they did not collect this information.
Kim Darga
0:38:01
There was no the only requirement was that the buildings had to be rent stabilized.
Pierina Ana Sanchez
0:38:06
Got it.
Kim Darga
0:38:07
And so there was beyond that initial, you know, eligibility review.
0:38:12
There was no additional information about, you know, rents that was required
Pierina Ana Sanchez
0:38:19
Okay.
0:38:19
Got it.
0:38:22
Okay.