AGENCY TESTIMONY
Concerns about outreach and noticing requirements
0:25:03
·
39 sec
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 not end up in foreclosure
- Multiple in-person notices, meetings, and personal service would require significant additional resources
- Some proposed notice requirements may not be feasible to implement
Kim Darga
0:25:03
Overall, the proposed legislation is written includes changes to requirements around outreach and noticing.
0:25:09
Well, we understand the intention to ensure that all affected owners, residents, and shareholders are informed about the foreclosure risk.
0:25:18
Some of the proposed changes, including notice earlier in the process, and potentially alarming language, could serve to confuse and distress residents whose buildings may not end up going through the foreclosure process at all.
0:25:31
Adding notice requirements, including multiple in person notices, meetings and personal service, would also require investment of additional resources and in some cases may not be feasible.
