Q&A
Implementation of the month hold policy for apartments under review
0:43:23
ยท
59 sec
Commissioner Park explains the current implementation of the month hold policy for apartments under CityFHEPS review.
- The agency is paying the unit hold as a matter of course for most apartments, except for HPD-financed developments.
- In FY24, there were 10,274 unit holds.
- In FY25 through December, there were 6,497 unit holds.
- The commissioner clarifies that the unit hold is not primarily used to compensate for agency delays, contrary to some perceptions.
- The agency is reviewing the policy for potential future adjustments.
Diana Ayala
0:43:23
It's a lot of work.
0:43:24
The city feb's program currently provides the opportunity for voucher holders to receive a month hold on an apartment as the apartment is being reviewed for, suitability.
0:43:33
Can you provide us with the number of months, month holds that are sent to landlords in the previous and current fiscal year?
Molly Wasow Park
0:43:41
So the way we're doing it right now, is that we're paying the unit hold essentially as a matter of course unless it is an h p the unit is an HPD finance development.
0:43:52
So, at the moment, the unit number of unit hold, roughly aligned to the number of city feps moves.
0:43:58
In f y 24, it was 10,274, and in f y 25 through December, 6,497.
0:44:08
So you, you know, I think there is some association with unit hold and paying for, delays on the agency's part.
0:44:17
Actually, that's not the way it's being used right now.
0:44:19
This is something that we are looking at going forward.