AGENCY TESTIMONY
HPD's strategy: Retaining and stabilizing existing homeowners
0:27:52
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71 sec
Deputy Commissioner Darga outlines the first prong of HPD's three-pronged strategy for homeownership, focusing on retaining and stabilizing existing homeowners through various programs and initiatives.
- Programs include Homeowner Help Desk, Home Fix, Plus One ADU, and the newly created Homeowner Advocate
- Support for Mitchell-Lama developments and HDFC cooperatives
- J51 program authorized to support investment in low-cost condominiums and cooperatives
Kim Darga
0:27:52
As part of this commitment to homeownership, HPD has a 3 pronged strategy to support existing and future homeowners that aligns with both our affordability and warehousing goals.
0:28:04
First, retain and stabilize existing homeowners.
0:28:09
We are helping current low income homeowners stay in their homes and keep pace with the cost of repairs through successful programs like the homeowner help desk, Home Fix, which is relaunching today, plus 1 ADU, and our newly created homeowner advocate.
0:28:26
Existing homeowners are telling us they need this support.
0:28:30
For example, 28100 homeowners express interest and support to build accessory dwelling units to support their family and improve financial security.
0:28:40
HPD also provides funding to Mitch Alama developments and HDFC cooperatives that are struggling financially and to support making renovations to maintain housing quality.
0:28:53
With city council's authorization, the J51 program, can also support investment by low cost condominiums and cooperatives.
