Q&A
Temporary relocation plans for tenants during renovations
0:22:13
·
80 sec
Nick Simmons from MHANY Management explains the temporary relocation plans for tenants when renovations make units uninhabitable, responding to Council Member Narcisse's concerns.
- For the four buildings in focus, only one needs substantial renovation and is already vacant
- In cases requiring relocation, MHANY uses brokers to find similar-sized apartments or utilizes vacant units in their own portfolio
- The plan for this project includes working on vacant buildings first, then using those units for temporary relocations if needed
- This approach minimizes the need for external relocations and market-rate temporary housing
Mercedes Narcisse
0:22:13
In case the house become not livable, do you have plan to get those folks in a temporary place, in a hotel, or something?
0:22:23
Is there any kind of things like that in place?
Nick Simmons
0:22:25
Yeah.
0:22:26
So I for the four buildings that we're focused on today, so I think The one building that we'll need substantial is actually the the vacant one on Danserting through Utica, so we won't have to relocate any ones.
0:22:36
It's it's no.
0:22:39
Marques.
0:22:39
Sorry.
0:22:40
38 Marques.
0:22:40
So that it is vacant.
0:22:41
So there there won't be any relocation.
0:22:44
In the portfolio, there is another building that has some structural issues, so there will need to do some temporary relocating.
0:22:51
And how we do temporary relocations when that time comes, we sometimes use a broker to find available apartments that are of the same sized bedroom, so they're not downsizing or upsizing.
0:23:07
We Old Manny also has buildings in the neighborhood.
0:23:09
So when we have vacant units and that are ready to be rented, We use those as temporary relocation apartment sometimes.
0:23:17
And I think for this project, one of the ideas is to work on the vacant buildings first, and then the case then those buildings will have vacant units.
0:23:27
And if we need to relocate when we could use those buildings, so we wouldn't have to go to the market or a broker.