Q&A
HPD's specific requests for increased homeownership funding
1:11:46
·
45 sec
Council Member Salamanca presses HPD officials on their specific actions to request more funding for homeownership programs from the state.
- HPD has requested a greater percentage of AF funds to be used downstate.
- They've asked for lending authority flexibility to help homeownership, which was addressed in the last state legislative cycle.
- HPD secured the renewal of J-51 to help limited liability co-ops and is working with the city council to move this forward.
- They're also seeking additional assistance for other co-op entities like Mitchell-Lama.
- Despite these efforts, HPD acknowledges that more funding is still needed, and they welcome the council's help in securing additional resources.
Rafael Salamanca, Jr.
1:11:46
So my question commissioner again is Yeah.
1:11:48
What is HPD doing to ask for more money?
Ahmed Tagani
1:11:51
So so we've asked for a greater percentage of the AF funds to be used downstate.
1:11:55
We've asked for lending authority flexibility to help her ownership, which we saw less your state legislative cycle.
1:12:02
We've asked for additional work we've we j51 again to help limited liability coops.
1:12:09
We we saw that past at the at the state level, and we're working with the council to see that move forward.
1:12:15
And we're also asking and working to look at additional assistance for other coop entities like Mitchellam.
1:12:21
So we have been making actually a number of different acts, and we've seen sub movement, but we can always use most
Matthew Dunbar
1:12:27
of it.
Rafael Salamanca, Jr.
1:12:27
It sounds like it's not enough.
1:12:28
Please, you
Ahmed Tagani
1:12:29
are bringing a body.
Rafael Salamanca, Jr.
1:12:29
We are interested in helping you
Ahmed Tagani
1:12:31
Yes, sir.
