HPD on SCRI income cap expansion and operating cost containment
Phillips urges Council collaboration to enact the statewide SCRI income cap increase from $50K to $75K locally, and discusses HPD's housing supervision team working to contain operating costs.
Recognizing the importance of this housing stock and the challenges it faces, we committed to developing a comprehensive set of tools to put the Mitchell-Lama portfolio on a more sustainable path.
To lessen the impact of rent and maintenance fee increases while ensuring a balanced budget, HPD commits to enrolling eligible households in SCRI and DRI.
Recently, the statewide income cap for households eligible for SCRI increased from $50,000 to $75,000.
With legislative action from the City Council, we can begin enacting this change on the local level.
On the expense side, HPD's housing supervision team will continue to work with the private housing companies to contain operating costs.