Chair Lee on trends in Mitchell-Lama pipeline and capital deployment
Lee asks whether the percentage of Mitchell-Lama units is similar year over year. Phillips says they've seen increases in Mitchell-Lamas coming to HPD, driven by aging stock and more forceful HPD encouragement to pursue preservation.
And then just in terms of how you're determining how many units, since you don't separate it out, are you seeing year over year, though, that percentage-wise it's pretty similar year over year?
Or have you seen significant increases, decreases, and what has caused that?
Yeah.
I think we've seen increases in the amount of Mitchell llamas that are coming to us.
I think there's probably two reasons.
I think one is just the age of the housing stock.
Some folks, and it's not unique to Mitchell llamas, can put their heads in the sand and hope that they don't have to do their capital needs and then they wake up and it's time.
I think in other cases, when our housing supervision team is working with the Mitchell Llamas,
You know, we want to make sure we're addressing capital needs, and I think we've been a little bit more forceful with saying it's time to– we really need to do a preservation outcome here.
Okay, perfect.
I just want to recognize we've also been joined by Councilmember Wong and anyone else that I missed.