Chair Sanchez calls for proactive HPD oversight and early intervention
Sanchez argues HPD oversight must mean proactive capital planning, adequate reserves, timely repairs, transparent accounting, and early detection of distress before residents reach a breaking point.
In closing, HPD oversight should mean more than simply monitoring a building's decline and then presenting residents with enormous rent or carrying charge increases as the only available solution.
It must mean proactive capital planning, maintaining adequate reserves, enforcing timely repairs, ensuring responsible management, requiring transparent accounting so that our affordable housing can remain as such in the long term.
It must mean detecting distress early and intervening decisively before residents and developments reach a breaking point.
We're looking forward to a productive and solutions-focused discussion because Mitchell-Lamas were founded on a public promise that New Yorkers can have safe, stable, and affordable home even if they could not afford the private market.
Our responsibility is not simply to celebrate that promise, but to make certain our city is continuing to keep it.
I look forward to testimony.