HPD on Mitchell-Lama portfolio composition and governance

The Mitchell-Lama program is a critical and unique part of our city's affordable housing stock.

The program was created by the state legislature in 1955 to serve middle class families, and since then it has provided opportunities for hundreds of thousands of New Yorkers.

Today, there are approximately 90,000 Mitchell-Lama apartments in 134 developments spread across New York City.

Approximately half of these apartments are supervised by the city through HPD, and the other half are supervised by the state through HCR.

Within HPD's Mitchell-Lama portfolio, two-thirds are co-ops and one-third are rentals.

All Mitchell Llamas, whether they are co-ops or rentals, are privately owned and managed housing companies that are subject to oversight by HPD or HCR.

In a Mitchell Lama rental building, a private landlord is the owner and is responsible for maintenance and

and long-term capital planning.

Mitchell-Lama co-ops are controlled by their residents, who are shareholders.

Each year, the residents elect a volunteer board of directors that has the responsibility of overseeing operations and long-term capital planning for their co-op on behalf of the shareholders.

The responsibility to serve on a board of directors is great,

and we thank all the residents who take on the task.