Council Member Farías on HPD project manager assignments and pipeline delays

A few more questions, if I may, chairs.

Thank you.

Is HPD required to help close out projects at Michilama Housing Developments that are unable to do so due to lack of resources and personnel?

Often in my district, members designate capital dollars, but their projects are stuck on hold waiting for a project manager from HPD.

In light of this and with some of the projects stuck for multiple years,

Will the administration be working closely to close those projects for our Michilamas and by what means and methods?

So by close out, I'm taking that to understand to close on construction financing, right?

Yes.

Okay.

So as part of the housing plan and...

We've been able to staff up our preservation finance team with a lot more staff, right?

So if we have more staff in our preservation finance team, we're able to assign more projects to them and work through the pipeline more quickly.

So with that additional staff and with additional capital resources, we should be able to move more Mitchell Llamas through the development pipeline more quickly.

Have you guys projected how many projects you have outstanding and if the personnel is going to be able to assist with getting those done and what's the timeline fashion?

So we have, I believe it's 12 Mitchell Llamas in our pipeline right now, which means they're gearing up and getting close to closing.

Every Mitchell Lama and every, you know, regardless if it's a Mitchell Lama or not, every project has its own.

unique development timeline based on the capital needs, the scope of work, and the development team that's working together to get to the construction loan closing.

So depending on the capacity of the board or of the owner of the Mitchell Lama, that can play a little bit into the timeline.