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Q&A
Q&A on HDFC cooperatives and mini lottery process
1:58:39
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26 sec
Council Member Sanchez inquires about the outcomes of three examples of HDFC cooperative resales using the mini lottery process. The respondent confirms that in all three cases, waivers were issued by the agency after about six months of unsuccessful attempts to find qualified applicants through the mini lottery process.
- The mini lottery process failed to yield qualified or willing applicants for any of the three units.
- Waivers were issued after approximately six months of attempting to use the mini lottery system.
- This highlights the ineffectiveness of the current mini lottery process for HDFC cooperative resales.
Pierina Ana Sanchez
1:58:39
Thank you.
1:58:41
In those three examples, what were you issued a were were there waivers issued by the agency?
1:59:03
Goodness.
1:59:04
Thank you.
Ariel Hirsch
1:58:47
Yes.
1:58:47
There was a waiver issued by the agency after about six months of attempting to run the mini lottery through the process that was set up that yielded no qualified or willing applicants for either of the three units, that was attempted.