Q&A
Discussion on the breakdown of transferred properties
2:38:33
·
55 sec
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 became tenant-owned buildings
- Slightly more properties went to non-profits than for-profits
- Approximately 250-260 properties each went to non-profits and for-profits
Pierina Ana Sanchez
2:38:33
Thank you.
2:38:35
Do you have the breakdown of what where properties these 594 properties have been transferred to in terms of you've mentioned local for profit community based nonprofit and sudden based ownership?
Salvatore D’Avola
2:38:50
I have some of it.
2:38:51
I'm not sure that I have it all, but I will say that there are 73 properties were tenant petition buildings, meaning they were, you know, buildings where the residents opted petition the city to become tenant owned buildings.
2:39:07
And I think there's there's about and and I would have to double check these numbers, but I think that there's been about slightly higher amount of buildings have gone to non for profits than for profits, but it's about an equal split I would say somewhere around 250, 260 around that number over the course of the history of the program.
