Council Member Wong on co-op condo abatement compliance revenue
Wong asks how much of the $13 million co-op condo abatement compliance revenue is anti-fraud enforcement versus aggressive compliance against ordinary owners. Commissioner Lee explains it was a qualification review identifying non-qualifying recipients, with an opportunity for owners to prove compliance and be reinstated.
My second question is the co-op and condo abatement.
The executive plan assumes
a baseline of $13 million annually from the cooperative condominium abatement compliance revenue.
Now, how much of that is like true anti-fraud enforcement, and how much comes from more aggressive compliance actions against ordinary property owners?
So I would say it's sort of neither of the two.
What we did was we went through
the qualifications and we went through the list and we noticed that several of the population wouldn't actually qualify for it.
And so we sent out those notices to those homeowners.
There is an opportunity for them to then prove their compliance and we're happy to then reinstate them into the program.
But it is because we found a certain subset of the population that we felt that they actually didn't qualify and we want to make sure that we're providing this benefit to the people that actually qualify.
Okay, thank you.