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PRESENTATION

Relocation process during construction

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43 sec

The project includes a comprehensive relocation plan for residents during the construction period. This plan aims to minimize disruption to residents' lives while ensuring their safety and comfort.

  • Residents are typically relocated for 24 to 30 months during construction.
  • The project budget covers the difference between current TIL rents and relocation unit rents until conversion.
  • Relocation costs include moving expenses, movers, boxes, tape, and storage.
  • Some tenants are relocated early due to concerns about current building safety.
  • The project provides co-op success trainers to help residents prepare for homeownership.
  • A substantial reserve fund is established to help the building handle unforeseen emergencies.