Chair Sanchez on financial indicators and risk assessment for Mitchell-Lamas
Sanchez asks what indicators HPD receives regularly beyond financial statements and how they assess risk. Phillips cites financials, vacancy reports, outstanding payables, and online violation profiles as key indicators.
That concludes our first round of questions.
We'll have a second round.
So I just want to wrap up a couple of more questions that I had.
And just to kind of recap, right, I feel like every single council member has said a version of the same thing.
Maintenance increases should be gradual.
We want to be a partner.
We want to help so that we're not seeing dramatic increases that are making up for multiple years at a time.
So more to come at the roundtable, but we certainly want to be a partner on that.
And just a follow-up, you said, so HPD is receiving annual financial statements.
Is there any...
Are there other indicators that HPD is receiving regularly from Michilama properties?
And how are you taking that information into account in terms of assessing risk?
Yeah, so the financials are the key indicator of the financial health and sometimes the physical health of the building.
We also get a vacancy report, outstanding payables.
We can also see online, you know, what the violation profile looks like.