New York City Council
Committee on Housing and Buildings
Sep 30, 2024
·
01:00 PM
3 hr 25 min
Summary
A hearing on reforming the Third Party Transfer (TPT) program, focusing on Intro 1063, also known as the Housing Recovery and Resident Protection Act.
Discussions centered on:
- Improving the selection criteria for distressed properties
- Enhancing outreach requirements
- Creating new opportunities for resident ownership
- Addressing concerns about HDFC cooperatives
The hearing explored the historical context of the program, proposed changes, and potential impacts on various stakeholders.
Features testimony from the Department of Housing Preservation and Development (HPD), Department of Finance (DOF), Department of Environmental Protection (DEP), and the public.
Meeting chapters
Read summaries and watch videos for short segments that matter to you.
Introduction and acknowledgments for the 3rd party transfer program hearing
Council Member Pierina Ana Sanchez opens the hearing on the 3rd party transfer program, introducing herself as the chair of the committee on housing and buildings. She thanks the public …
0:00:25
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23 sec
Historical context and creation of the 3rd party transfer program
Council Member Sanchez provides a detailed historical background of the 3rd party transfer program, explaining the economic and social conditions that led to its creation in 1996. - The program …
0:00:49
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167 sec
Current housing issues in New York City and the urgent need for action
Council Member Sanchez highlights the pressing housing issues in New York City, emphasizing the need for immediate action to address distressed buildings and poor living conditions. - Hundreds of thousands …
0:03:36
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131 sec
Introduction of Intro 1063: The Housing Recovery and Resident Protection Act
Council Member Sanchez introduces Intro 1063, also known as the Housing Recovery and Resident Protection Act, which aims to overhaul the problematic 3rd party transfer program. - The new legislation …
0:05:48
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47 sec
Key features and improvements of the new 3rd party transfer program
Council Member Sanchez outlines the key features and improvements of the new 3rd party transfer program proposed in Intro 1063, addressing the shortcomings of the previous program. - Elimination of …
0:06:35
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120 sec
Closing remarks and invitation for public feedback on Intro 1063
Council Member Sanchez concludes her opening remarks by emphasizing the collaborative nature of the bill's development and inviting public feedback on Intro 1063. - The bill reflects feedback from the …
0:08:35
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86 sec
Introduction and context of the hearing on Intro 1063
Kim Darga, Deputy Commissioner of the Office of Development at NYC Department of Housing Preservation and Development (HPD), introduces herself and colleagues to testify about Intro 1063 of 2024 before …
0:10:28
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23 sec
Recent improvements to property tax enforcement
HPD worked with the council and partner agencies to improve the city's property tax enforcement, balancing the need for tax collection with property owners' challenges. - New noticing touchpoints were …
0:10:53
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54 sec
Background and purpose of the 3rd Party Transfer (TPT) program
The 3rd Party Transfer (TPT) program was established in 1996 as a companion to the tax lien sale, addressing properties with multiple years of unpaid taxes and serious housing code …
0:11:47
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102 sec
Formation and recommendations of the TPT working group
A TPT working group was convened in 2019 to suggest operational improvements to the program, ensuring it achieved its intended purpose of stabilizing properties in crisis. - The group included …
0:13:30
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3 min
Proposed changes to TPT eligibility and selection criteria
The proposed legislation, Intro 1063 of 2024, modifies various components of the TPT program, particularly eligibility and selection criteria. - New eligibility includes tax class 1 properties and cooperatives with …
0:17:19
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128 sec
Analysis of potential properties eligible under new criteria
HPD conducted an analysis of NYC residential properties to understand the impact of the proposed eligibility and selection criteria for the TPT program. - Out of 770,000 Class 1 and …
0:19:27
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4 min
HPD's stance on proposed changes in Intro 1063
HPD supports the council's interest in updating the TPT program and believes the proposed eligibility and selection methodology will identify appropriate properties. However, they have concerns about some areas of …
0:24:23
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39 sec
Concerns about outreach and noticing requirements
HPD raises concerns about proposed changes to outreach and noticing requirements in the draft legislation. - Early notices with potentially alarming language could confuse and distress residents whose buildings may …
0:25:03
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39 sec
Concerns about payment plans and corrective action plans
HPD expresses concerns about proposed changes to payment plans and the introduction of corrective action plans in the draft legislation. - HPD urges simplicity and consistency with payment plans offered …
0:25:43
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53 sec
Council Member Sanchez introduces the session and acknowledges colleagues
Council Member Pierina Ana Sanchez opens the session by thanking the Deputy Commissioner and acknowledging the presence of other council members. She prepares to ask questions while being mindful of …
0:26:40
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22 sec
Discussion on problematic elements of TPT round 10 and prior administrations
Deputy Commissioner Kim Darga discusses the most problematic elements of TPT round 10 and prior administrations, focusing on the recommendations made by the working group to improve the program. - …
0:27:04
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4 min
HPD's stance on the proposed legislation (Intro 1063)
Council Member Pierina Ana Sanchez expresses surprise at HPD's lack of support for the bill as written, given the extensive conversations they've had. She asks Deputy Commissioner Kim Darga to …
0:31:53
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42 sec
HPD's concerns and areas for improvement in the proposed bill
Deputy Commissioner Kim Darga explains HPD's specific concerns about the proposed legislation (Intro 1063) while acknowledging areas of agreement. She highlights several key issues that need refinement. - Outreach and …
0:32:35
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7 min
Timeline concerns and potential impact of new selection criteria
Council Member Pierina Ana Sanchez addresses concerns about the extended timeline in the proposed legislation and inquires about the potential impact of the new selection criteria on property outcomes. - …
0:40:05
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35 sec
Expected changes in property transfer rates under new criteria
Deputy Commissioner Kim Darga explains the anticipated changes in property transfer rates under the proposed new selection criteria for the TPT program. - The number of properties paying or entering …
0:40:40
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107 sec
Discussion on outreach and notification processes
Council Member Pierina Ana Sanchez addresses concerns about outreach and notification processes in the TPT program, emphasizing the importance of reaching all residents and property owners. - Sanchez recalls HPD's …
0:42:29
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58 sec
Current notification practices and challenges with HDFC cooperatives
Deputy Commissioner Kim Darga explains the current notification practices for the TPT program and addresses specific challenges related to HDFC cooperatives. - Current practices include notices required by statute and …
0:43:28
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117 sec
Council Member Brewer's questions on TPT, tax lien sales, and HDFC cooperatives
Council Member Gale Brewer poses a series of questions about the Third Party Transfer (TPT) program, its relationship with tax lien sales, its impact on HDFC cooperatives, and the role …
0:45:25
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36 sec
Explanation of TPT as a companion to the tax lien sale program
Kim Darga explains the relationship between the Third Party Transfer (TPT) program and the tax lien sale program, clarifying how they work together and their eligibility criteria. - TPT is …
0:46:02
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66 sec
Discussion on HDFC cooperatives and their eligibility for TPT
Kim Darga provides an overview of HDFC cooperatives in New York City and their relationship with the Third Party Transfer (TPT) program. - There are over 1,250 HDFC coops in …
0:47:08
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86 sec
Changes in HDFC cooperative petition process and recommendations for improvement
Kim Darga explains the changes made to the petition process for HDFC cooperatives in the Third Party Transfer (TPT) program and recommendations for improvement. - The petition process was changed …
0:48:34
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149 sec
Proposed technical assistance and support for HDFC cooperatives
Kim Darga outlines the proposed technical assistance and support for HDFC cooperatives in New York City. - Plans to build out additional technical assistance for HDFC cooperatives - Existing training …
0:51:03
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39 sec
Role and operations of Neighborhood Restore in the TPT process
Kim Darga explains the role and operations of Neighborhood Restore in the Third Party Transfer (TPT) process. - Neighborhood Restore is the designated third party to be the interim owner …
0:51:42
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78 sec
Timeline and costs associated with Neighborhood Restore's interim ownership
Kim Darga provides information on the timeline and costs associated with Neighborhood Restore's interim ownership in the Third Party Transfer (TPT) process. - The interim ownership period ideally lasts a …
0:53:00
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75 sec
Discussion on fees and financial aspects of the TPT program
Kim Darga provides details on the fees and financial aspects of the Third Party Transfer (TPT) program, particularly related to Neighborhood Restore's operations. - The fee for Neighborhood Restore has …
0:54:16
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79 sec
Council Member Restler commends Chair Sanchez for TPT legislation
Council Member Lincoln Restler commends Chair Sanchez for her leadership in introducing legislation to reform the Third Party Transfer (TPT) program. He acknowledges the controversy surrounding the program and praises …
0:55:36
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92 sec
Discussion on resident notification in the TPT process
Council Member Restler expresses confusion about HPD's opposition to the legislation, given their prior involvement in the working group. He focuses on the issue of resident notification, questioning the apparent …
0:57:09
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122 sec
Analysis of properties eligible for TPT under new criteria
Council Member Restler inquires about the analysis of properties that would be eligible for the Third Party Transfer (TPT) program under the new criteria proposed in the legislation. Deputy Commissioner …
0:59:13
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78 sec
Scale and comparison of past and potential future TPT rounds
Council Member Restler inquires about the scale of previous TPT rounds and potential future rounds under the proposed legislation. Deputy Commissioner Darga provides historical data and insights on how the …
1:00:35
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121 sec
Council Member Restler's closing remarks on payment plans and outreach
Council Member Restler concludes his remarks by addressing payment plans and the importance of extensive outreach in the TPT process. He expresses support for the bill while emphasizing the need …
1:02:36
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125 sec
Discussion on the definition of distressed properties for the TPT program
Council Member Sanchez inquires about potential changes to the definition of distressed properties in the proposed bill for the Third Party Transfer (TPT) program. The discussion focuses on the criteria …
1:04:59
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60 sec
HPD's discretion and considerations in selecting properties for the TPT program
Deputy Commissioner Darga explains HPD's approach to selecting properties for the Third Party Transfer (TPT) program, highlighting the factors they consider when determining the number of properties to include in …
1:05:59
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3 min
Addressing concerns about properties in limbo between lien sale and TPT eligibility
Council Member Sanchez raises concerns about properties that may fall into a gap between lien sale eligibility and Third Party Transfer (TPT) program eligibility. Deputy Commissioner Darga acknowledges the complexity …
1:09:09
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125 sec
Costs and funding sources for the Third Party Transfer (TPT) program
Council Member Pierina Ana Sanchez inquires about the costs associated with the Third Party Transfer (TPT) program, including legal expenses, personnel needs, and property stabilization costs. HPD Deputy Commissioner Kim …
1:11:15
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4 min
HPD's inspection process for properties selected for Third Party Transfer
Council Member Pierina Ana Sanchez inquires about HPD's inspection process for properties once they are selected for the Third Party Transfer (TPT) program. Deputy Commissioner AnnMarie Santiago explains that while …
1:16:04
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52 sec
Concerns about duplicate violations and data accuracy in HPD records
Council Member Pierina Ana Sanchez raises concerns about duplicate violations and inaccuracies in HPD's data for properties in the Third Party Transfer (TPT) program. Deputy Commissioner AnnMarie Santiago explains the …
1:16:57
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59 sec
Identifying properties for the 3rd Party Transfer program
Council Member Sanchez inquires about the process of identifying properties for the 3rd Party Transfer program. Kim Darga from HPD explains that they coordinate with DEP and DoF to get …
1:17:57
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78 sec
Concerns about errors in water debt payments and account crediting
Council Member Sanchez raises concerns about errors in water debt payments, citing a case where a home was foreclosed due to a discrepancy in the account number. Albert Kramer from …
1:19:16
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59 sec
Statistics on MyDEP account usage
Council Member Sanchez inquires about the proportion of ratepayers signed up for MyDEP accounts. Albert Kramer from DEP provides statistics and information about the online portal. - DEP has 840,000 …
1:20:16
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40 sec
Characteristics of MyDEP account users
Council Member Sanchez asks about the characteristics of MyDEP account users compared to non-users. Albert Kramer from DEP provides insights into user demographics and trends. - More customers tend to …
1:20:56
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82 sec
Process for disputing water and sewer charges and DEP's leak forgiveness program
Council Member Sanchez inquires about the process for disputing water and sewer charges. Albert Kramer from DEP explains the dispute process and provides information on DEP's leak forgiveness program. - …
1:22:19
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131 sec
DEP's commitment to accurate billing and review process
Albert Kramer from DEP emphasizes the department's commitment to accurate billing and their thorough review process for enforcement actions like lien sales and Third Party Transfers (TPT). - DEP manually …
1:24:30
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79 sec
DEP's methods for maintaining accurate ratepayer contact information
Council Member Sanchez inquires about DEP's methods for maintaining accurate contact information for ratepayers. Albert Kramer from DEP explains their various approaches to ensure they can reach customers. - DEP …
1:25:48
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84 sec
Consideration of disputed charges during transfer proceedings
Council Member Sanchez asks about the occurrence of transfer proceedings beginning while charges were being disputed by property owners. Albert Kramer from DEP addresses the question and explains their approach …
1:27:13
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70 sec
Resource intensiveness of the 3rd party transfer program for DOF
Council Member Pierina Ana Sanchez inquires about the resource intensiveness and costs associated with the 3rd party transfer program for the Department of Finance. Deputy Commissioner Annette Hill responds by …
1:28:23
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63 sec
DOF's assistance to homeowners with outstanding property taxes and improvements in notices
Council Member Sanchez inquires about the ways DOF assists homeowners with outstanding property taxes and the improvements made to notices. Deputy Commissioner Hill explains the extensive work done to enhance …
1:29:32
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152 sec
Implementation and impact of DOF notice changes
Council Member Sanchez inquires about the implementation timeline of DOF notice changes and their impact on payments. Deputy Commissioner Hill provides information on when changes were implemented and the resulting …
1:32:05
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137 sec
Online payment options and methods for property taxes
Council Member Sanchez inquires about online payment options and methods for property taxes. Deputy Commissioner Hill explains the various payment options available to property owners. - DOF offers an online …
1:34:23
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41 sec
DOF's methods for maintaining accurate contact information
Council Member Sanchez inquires about DOF's methods for ensuring accurate contact information for property owners. Deputy Commissioner Hill explains the various ways DOF maintains and updates contact information. - DOF …
1:35:05
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84 sec
Advertising of resources for property taxpayers
Council Member Sanchez inquires about how DOF advertises resources available to property taxpayers. Deputy Commissioner Hill explains the various methods used to inform the public about available resources. - Information …
1:36:29
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78 sec
Strengthening corrective action plans for the 3rd party transfer program
Council Member Sanchez inquires about HPD's perspective on strengthening corrective action plans after a foreclosure judgment. Deputy Commissioner Darga explains what stricter requirements might entail. - HPD is concerned about …
1:37:47
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64 sec
Evidence requirements for corrective action plans
Council Member Sanchez seeks clarification on the evidence requirements for corrective action plans. Deputy Commissioner Darga explains potential evidence types and considerations for implementation. - Evidence could include documentation submitted …
1:38:57
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67 sec
Criteria for approving or declining corrective action plans
Council Member Sanchez inquires about the criteria HPD would consider when approving or declining a corrective action plan. Deputy Commissioner Darga outlines the factors HPD can take into account. - …
1:40:03
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139 sec
Inquiry about resources available to help homeowners
Council Member Pierina Ana Sanchez inquires about the resources available to help different kinds of homeowners in New York City. She specifically asks about the location of the homeowner help …
1:42:24
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38 sec
Update on the Office of the Homeowner Advocate and Homeowner Help Desk
Kim Darga from HPD provides an update on various homeowner assistance programs, including the Office of the Homeowner Advocate and the Homeowner Help Desk. She explains the current status of …
1:43:02
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155 sec
Discussion on city efforts to engage property owners before lien sales or 3rd party transfers
Council Member Pierina Ana Sanchez raises concerns about whether the city is doing enough to engage property owners before they become eligible for lien sales or the 3rd party transfer …
1:45:38
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45 sec
HPD's expanded outreach and assistance programs for property owners
Kim Darga from HPD explains the agency's expanded efforts to engage and assist property owners before they become eligible for lien sales or 3rd party transfers. She highlights recent improvements …
1:46:24
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141 sec
Inquiry about property owner contact information collection
Council Member Pierina Ana Sanchez inquires about the collection of property owner contact information, specifically asking how many property owners have provided email addresses and cell phone numbers in addition …
1:48:53
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137 sec
Details on HPD's property registration requirements and compliance
AnnMarie Santiago from HPD provides detailed information about the agency's property registration requirements and compliance rates. She explains which properties are required to register and the challenges HPD faces in …
1:51:11
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176 sec
DEP's methods for communicating with customers about overdue payments
Albert Kramer from DEP explains the agency's methods for communicating with customers about overdue payments. He emphasizes DEP's efforts to avoid foreclosures and lien sales, detailing their communication strategies and …
1:54:09
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118 sec
Inquiry about Department of Finance's collection of email addresses and phone numbers
Council Member Pierina Ana Sanchez inquires about the Department of Finance's collection of email addresses and phone numbers from property owners. Annette Hill from the Department of Finance responds, explaining …
1:56:09
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70 sec
Statistics on property transfers and cooperative conversions in TPT program
Council Member Sanchez inquires about the statistics of property transfers and cooperative conversions in the Third Party Transfer (TPT) program. Deputy Commissioner Kim Darga provides data on properties that petitioned …
1:57:19
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3 min
Process and timeline for tenant petitions for ownership in TPT program
Deputy Commissioner Kim Darga explains the detailed process and timeline for tenant petitions for ownership in the Third Party Transfer (TPT) program. The process involves multiple stages from pre-foreclosure to …
2:00:20
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3 min
Financial support for properties in TPT program
Deputy Commissioner Kim Darga explains the financial support provided to properties in the Third Party Transfer (TPT) program, regardless of whether they become affordable rental properties or limited equity cooperatives. …
2:03:41
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46 sec
HPD's power to reverse property transfers in TPT program
Deputy Commissioner Kim Darga explains HPD's discretion to reverse property transfers in the Third Party Transfer (TPT) program under certain circumstances. • HPD has the discretion to reverse transfers in …
2:04:28
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101 sec
Duration of Neighborhood Restore's ownership of properties in TPT program
Deputy Commissioner Kim Darga provides information on the duration of Neighborhood Restore's ownership of properties in the Third Party Transfer (TPT) program. • Currently, 28 properties from Round 10 are …
2:06:10
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92 sec
Inclusion of vacant lots in TPT program
The discussion clarifies the inclusion of vacant lots in the Third Party Transfer (TPT) program and their eligibility in the proposed legislation. • Previous rounds of TPT included Class 1 …
2:07:44
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61 sec
Testimony by Will Depoo, Senior Campaign Organizer at Association for Neighborhood & Housing Development (ANHD) on the Housing Recovery and Resident Protection Act
Will Depoo, representing ANHD, testifies in support of the Housing Recovery and Resident Protection Act (formerly known as TPT), emphasizing its importance in holding negligent landlords accountable and ensuring access …
2:15:54
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143 sec
Testimony by Paula Segal, Representative from Abolish the NYC Tax Lien Sale Coalition
Paula Segal, representing the Abolish the NYC Tax Lien Sale Coalition, testified on proposed legislation to reform New York City's 3rd party transfer (TPT) program. She expressed support for using …
2:18:23
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9 min
Testimony by Will Spisak, Senior Program Associate at New Economy Project, on Third Party Transfer Program Reform
Will Spisak from New Economy Project testified on proposed reforms to NYC's Third Party Transfer (TPT) program, emphasizing the need for broader building selection criteria and prioritization of community land …
2:27:31
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150 sec
Council Member Sanchez inquires about HDFC interventions
Council Member Pierina Ana Sanchez asks the panel about specific interventions that could help stabilize HDFCs (Housing Development Fund Corporations). Paula Segal responds, deferring to a colleague for more detailed …
2:30:03
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82 sec
Testimony by Salvatore D'Avola, Executive Director of Neighborhood Restore Housing Development Fund Corporation, on the 3rd Party Transfer Program
Salvatore D'Avola, Executive Director of Neighborhood Restore Housing Development Fund Corporation, testified in support of Intro 1063, which aims to reform New York City's 3rd party transfer (TPT) program. He …
2:32:22
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5 min
Inquiry about New York City's involvement in Neighborhood Restore's leadership
Council Member Pierina Ana Sanchez inquires about New York City's involvement in the leadership of Neighborhood Restore. Salvatore D'Avola confirms that a deputy commissioner is on their board of directors. …
2:38:06
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24 sec
Discussion on the breakdown of transferred properties
Council Member Sanchez asks for a breakdown of the 594 properties transferred through the program. Salvatore D'Avola provides details on the distribution among different types of ownership. - 73 properties …
2:38:33
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55 sec
Recommendations for improving program efficiency and implementation
Council Member Sanchez asks about recommendations from the working group that didn't make it into the legislation. Salvatore D'Avola suggests improvements for program efficiency and implementation. - Recommendation for a …
2:39:30
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93 sec
Testimony by Christie Peale, CEO and Executive Director of Center for New York City Neighborhoods (CNYCN), on the Housing Recovery and Resident Protection Act
Christie Peale, CEO of the Center for New York City Neighborhoods, testified in support of the Housing Recovery and Resident Protection Act, which aims to reform the 3rd party transfer …
2:41:04
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3 min
Testimony by Arielle Hersh, Director of Policy and New Projects at Urban Homesteading Assistance Board (UHAB)
Arielle Hersh from UHAB provided testimony on the proposed reforms to the 3rd party transfer (TPT) program, emphasizing the importance of improving living conditions in distressed buildings and protecting homeowners. …
2:44:53
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4 min
Discussion on exemption of class 1 properties in TPT program
Council Member Pierina Ana Sanchez engages in a Q&A session with Christie Peale about the exemption of class 1 properties in the Third Party Transfer (TPT) program. They discuss the …
2:49:27
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167 sec
Discussion on changes to HDFC regulatory agreements
Council Member Pierina Ana Sanchez engages in a Q&A session with Arielle Hersh about specific changes and requirements that should be included in HDFC regulatory agreements. Hersh outlines the main …
2:52:14
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140 sec
Testimony by Adam Roberts, Representative of New York Apartment Association (NYAA) on Intro 1063
Adam Roberts, representing the New York Apartment Association (NYAA), testified on the proposed changes to the 3rd party transfer program outlined in Intro 1063. He expressed concerns about the bill's …
2:55:04
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163 sec
Discussion on NYAA's position regarding the 3rd party transfer program
Council Member Pierina Ana Sanchez inquires about NYAA's position on the 3rd party transfer program. Adam Roberts responds that while they would like to see improvements, there are larger financial …
2:57:50
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35 sec
Impact of the 3rd party transfer program on NYAA members
Council Member Sanchez inquires about the potential impact of the 3rd party transfer program on NYAA members, particularly regarding the 500 worst properties in New York City. Adam Roberts discusses …
2:58:25
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43 sec
Testimony by Patrick Boyle, Senior Director at Enterprise Community Partners on Third Party Transfer Program
Patrick Boyle from Enterprise Community Partners testifies in support of Intro 1063, which aims to reform and relaunch the Third Party Transfer (TPT) program. He emphasizes the importance of the …
2:59:13
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164 sec
Testimony by Theo Chin, First Secretary of Social Democrats of America, on the 3rd Party Transfer Program
Theo Chin, First Secretary of the Social Democrats of America, strongly criticizes the proposed 3rd party transfer (TPT) program legislation, calling it racist and paternalistic. He argues for direct transfer …
3:02:00
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4 min
Potential changes to the bill to benefit property owners
Council Member Gale Brewer inquires about potential changes to the bill that could give property owners more opportunities to redeem their properties. Adam Roberts from the New York Apartment Association …
3:06:33
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62 sec
Enterprise Community Partners' focus on affordable housing in TPT program
Council Member Gale Brewer asks Patrick Boyle from Enterprise Community Partners about their focus on HDFC issues. Boyle explains their perspective on the Third Party Transfer (TPT) program: - Enterprise …
3:07:36
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45 sec
Council member Sanchez discusses tenant ownership with Theo Chin
Council Member Pierina Ana Sanchez engages in a Q&A session with Theo Chin about his stance on the proposed legislation. Chin expresses his support for legislation that would give tenants …
3:08:20
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100 sec
Testimony by Richard Reid on 3rd Party Transfer Program Impact
Richard Reid, a resident of 640 Riverside Drive, testifies about the unintended consequences of the 3rd party transfer program on tenants. He highlights that while the program improves housing conditions, …
3:11:05
·
65 sec
Testimony by Annie Wilson, Cofounder of 544 East 13th Street, HDFC
Annie Wilson, cofounder of 544 East 13th Street HDFC, shared her challenging experience with the HDFC conversion process and subsequent issues that prevented her from returning to her home. She …
3:12:16
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3 min
Testimony by Christopher Leon Johnson, Member of the Public
Christopher Leon Johnson testifies against the 3rd party transfer program and criticizes various nonprofits and community organizations involved in housing issues. He argues that these organizations, including RAPH and community …
3:16:27
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3 min
Testimony by Gregory Christopher Baggett, Principal of New York Council for Housing Development Fund Corporations (NYC HDFC), on 3rd Party Transfer Program and HDFC Preservation
Gregory Baggett, representing the New York Council for Housing Development Fund Corporations, testified on the 3rd party transfer program and HDFC preservation. He acknowledged the program's success in preserving homeownership …
3:20:01
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4 min
