Chair Sanchez questions HPD on physical needs assessments for Mitchell-Lamas

So I'm just going to ask a couple of questions, and then because we have so many colleagues here, I just want to move things along, and the chair will ask her questions, and we'll go to colleagues.

So just getting a sense of the physical conditions of Micho-Lama properties across the city, can you give us a sense of how often Micho-Lamas are conducting a physical needs assessment?

Per property?

Yeah, so any project that's coming to HPD or HDC to get financing is required to complete what's called an integrated physical needs assessment.

So the IP&A is used to assess the outstanding capital needs, short-term, medium-term, long-term, and it's also an energy audit and provides recommendations to do energy efficiency upgrades.

So

So every project that comes through our pipeline is required to come with an IPNA.

We are constantly seeing Mitchell Llamas come to us for an IPNA or come to us with an IPNA to apply for city capital.

So of the 134...

Properties in the city, how many of those have come to the agency in the last five years or whatever timeline you have the answer for?

So we have 90 developments in our portfolio.

We don't have the exact number that have gone through, that have a current IPNA, but all of the projects that I listed previously that received a loan through HRP, they all had IPNAs.

And any project that's closed on financing with us recently would have completed an IPNA.

Thank you.

So Mitchell Llamas are not proactively conducting IPNAs.

They are conducting them when they are coming to HPD for financing.

I would say some are and some are not.

It depends on the individual housing company.

It depends on the individual co-op.

Some are more proactive with diagnosing capital needs, while others wait until the last minute.

And this is not unique to Mitchell Llamas.

We see this with the...

Privately owned rent stabilized stock as well.

And high school students that leave their homework for the last minute.

Yeah, exactly.

How does HPD...

I just wanted to add, I'm not sure if...

if we were talking about this number, but among the HPD supervised Mitchell Llamas, we've had 48 that have had IPNAs performed since 2020,

and another six are currently in the process of obtaining NYSERDA-funded IPNA, which HPD helped to facilitate.