Q&A
Discussion on exemption of class 1 properties in TPT program
2:49:27
·
167 sec
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 challenges of verifying owner-occupancy and the need for separate pathways and resources for smaller buildings.
- Peale suggests clarifying how property owners verify their owner-occupant status
- They discuss the need for faster approval processes and cheaper programs for 1-4 family buildings
- The conversation touches on the importance of city oversight for problematic properties while protecting tenants in smaller buildings
Pierina Ana Sanchez
2:49:27
This is this is really helpful.
2:49:28
So a quick follow-up for you, Christie, on the exemption of class 1 properties.
2:49:36
Are you are you calling for a wholesale exemption or for owner occupied classified properties?
Christie Peale
2:49:41
We understand that there's currently an exemption for owner occupied class tax class 1 properties in the legislation has written, and we thought that we could tighten up the or make a little bit clearer how a property owner gets verifies that they're an owner occupant.
2:50:04
Right?
2:50:05
Because right now, it seems like you have to have been enrolled in one of the DOF programs.
2:50:10
We know that there are a lot of challenges with ongoing eligibility and enrollment and a lot of those exemptions.
2:50:16
And we think that there are other property owners who are owner arguments who may not be qualified for those exemptions.
2:50:22
So that's why we thought that the definition coming out of Philadelphia was a little bit easier to for struggling homeowners, in particular, to manage and and demonstrate that they are botified homeowner occupant.
2:50:34
In general, though, I think that having a separate pathway and a separate set of resources and tools that work with the smaller buildings would be something for us to consider.
2:50:42
You know, a great example is that if you're going through a home repair program with HPD, You have to go through the same city capital approval process that you do if you're, you know, a 10, 20, 50 unit building.
2:50:54
And that's just, you know, it's it's a lot of time.
2:50:57
Again, time is money and all these projects to layer on to a small building.
2:51:01
The more that we can think about faster approval processes, cheaper programs that can be better allocated on a per unit basis for, you know, 1 to 3 or even a 1 to 4 family building.
2:51:13
I think it'll make a big difference.
2:51:14
Obviously, we know that there's I think if you used the HPDs sample they they described today, I I think we backed into it around 42 of those 500 properties could have been tax class 1 properties.
2:51:27
So if they have such significant physical and financial distress that they were pulled into that screen, those are very problematic properties, and we wouldn't want them to be exempt from city oversight.
2:51:37
But we absolutely wanna have intention around how we bring those properties onto CLTs in bulk.
2:51:44
You know, we've been working with Uhab and Manny and Habitat to figure out how to bring smaller properties onto the inner broke CLT.
2:51:50
And it becomes challenging from a legal perspective when you think about having multiple small buildings.
2:51:57
In a co op.
2:51:57
So it's the ownership structure and how do you make sure you're not burdening those smaller properties with the same cost that you have to allocate on on a big, you know, 50 to 100 unit building basis.
2:52:07
So more more work to be done there.
2:52:10
But obviously, we wanna be able to protect the tenants in those small buildings as well.
2:52:14
Alright.
Pierina Ana Sanchez
2:52:14
Thank you so much.
