Q&A
Questions about TIL program and ANCP progress
1:59:39
·
69 sec
Council Member Diana Ayala inquires about the TIL program and the progress of the Affordable Neighborhood Cooperative Program (ANCP). HPD officials provide information on the number of buildings financed and remaining in city ownership, as well as program modifications and priorities.
- 56 buildings financed since 2012, 71 left in city ownership
- Program modifications include increased capital commitment and resident involvement in developer selection
- ANCP is a priority for new affordable homeownership
Diana Ayala
1:59:39
I have a couple of follow-up questions regarding the the Till program.
1:59:44
Do we know what the the existing number of buildings that never transition that are kind of stuck in that, you know, in that spaces.
Alysha Habib
1:59:52
Mhmm.
Kim Darga
1:59:53
Yeah.
1:59:53
So we have finance, I believe, fix 56 buildings since we launched the affordable neighborhood cooperative program in 2012, and we have 71 left and city ownership.
2:00:05
70 one left that we are working to finance.
2:00:07
And that is one of our biggest priorities when it comes to new affordable home ownership.
2:00:15
We actually, this year, made some program modifications.
2:00:20
We, I think, engage with a number of council members on this that have buildings in their district around increasing the capital commitment on our end in order to reduce the amount of private debt used to finance the buildings.
2:00:38
And also, we've been trying to think about how to give the residents a say in selection of the developer that's gonna work with them to renovate the buildings.
