Q&A
Council Member Avilés inquires about housing unit construction and preservation
4:16:00
·
56 sec
Council Member Alexa Avilés asks for clarification on the breakdown of constructed versus preserved housing units mentioned in the presentation. Commissioner Adolfo Carrión Jr. provides details on the numbers and explains the timeline for new construction projects.
- Approximately 14,200 units were new construction, and about 12,500 were preserved
- New construction means financing has begun, with a 24 to 36-month cycle for occupancy
- The total of over 28,000 units refers to those financed in fiscal year 2024
Alexa Avilés
4:16:00
Hello.
4:16:00
I'm reporting from this end of the table.
4:16:04
Thank you, chair.
4:16:06
Thank you, commissioners.
4:16:07
I just had a few quick questions.
4:16:09
So in the presentation, you mentioned constructed and preserving over 28,000 units in fiscal 24.
Mercedes Narcisse
4:16:17
Do you have
Alexa Avilés
4:16:17
a breakdown of how many units were actually constructed and how many were preserved?
Adolfo Carrión Jr.
4:16:24
Yeah.
4:16:25
Approximately 14,200 and something were new construction and the balance, which is probably, if I'm correct, about 12 and a half 1000 were preserved.
Alexa Avilés
4:16:38
And new construction means they're just on the books for new construction or are they open?
Adolfo Carrión Jr.
4:16:43
That means they were financed.
4:16:44
So that means that the construction began and there will be a year of completion.
4:16:51
And it's usually 24 to 36 months cycle to to be occupied.
