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Key features and improvements of the new 3rd party transfer program

0:06:35

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120 sec

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 the 'block pickup' provision that led to non-distressed properties being included
  • Stricter selection criteria to target only the most distressed buildings
  • More stringent outreach requirements and transparent communication with all parties involved
  • New opportunities for resident ownership, including a process for tenants to partner with qualified third parties
  • Requirement for corrective action plans, not just payment plans, to ensure actual improvements in living conditions