Q&A
Analysis of properties eligible for TPT under new criteria
0:59:13
·
78 sec
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 Darga provides data on the types of properties that would qualify if the program were implemented today.
- Out of 500 properties analyzed, 458 are class 2 properties
- 81 HDFC Cooperatives would qualify for TPT under the new criteria
- Qualifying HDFC Cooperatives have an average of $1,900,000 per building in outstanding municipal charges
- These properties also have over 4 B&C violations per unit on average
Lincoln Restler
0:59:13
I would think we'd want all residents to know and be aware of what's happening.
0:59:16
I think that's what's you know, why why the legislation was crafted that way.
0:59:20
I certainly support that effort.
0:59:22
You support that provision.
0:59:24
It's I'm interested though, perhaps if in you did the kind of analytical sample of foundry properties
Gale Brewer
0:59:32
Mhmm.
Lincoln Restler
0:59:33
And a chunk of those, I I apologize.
0:59:35
I don't think we oh, I have some electronic access to the deck that I didn't quite figure out.
0:59:39
But of the that subset that would go into the TPG program, did you analyze which were coops and which were rentals?
Kim Darga
0:59:48
Yeah.
0:59:48
So approximately off.
0:59:53
Hang on.
0:59:53
I have let me let me just pull the specific data here, which I have.
0:59:59
So there of the 500, the vast majority are class 2 properties.
1:00:07
That's about 458.
1:00:10
HDFC Cooperative, there are 81.
1:00:13
If we ran around today, that would qualify.
1:00:18
Those properties on average have $1,900,000 per building in municipal charges outstanding and have over 4 BNC violations per unit.
