Council Member Dinowitz on HPD hearing timing and financial review process

I will note that your hearing was at four o'clock and to many tenants at Tracy Towers who have jobs made it impossible for them to attend in the community room or to testify online.

And I would urge you

in the future, knowing that middle class, so many middle class and working class New Yorkers live in these Michelama developments, to have these hearings at a time that actually meets the needs of the residents who live there.

I want to talk about the fiscal.

So it's unclear.

So you have to submit.

I want to get this right.

You have to submit whatever the management company says they need the increase to be publicly, and then you go over what it should be.

We do an additional review.

I mean, it's a multi-step process.

So you review beforehand, before they propose it, you then present it at a public hearing.

And then you do an additional review.

But I just want a clarity.

Did you before, before the public hearing, did you review the financials?

Of course, we're constantly reviewing the financials of every Mitchell-Lama development.

I don't want to harp on the security costs, but it doesn't look to me like you went over the financials.

beforehand.

I mean, that is a huge red flag, an increase of 50% for the security costs alone.

Yeah, it is a large increase, but we are

going over the expenses and we're going to continue to go over the expenses to see where we can cut.