Speaker Menin asks about HPD loan programs and Tracy Towers financing
Menin asks how many developments have closed under the multifamily housing rehabilitation loan program and whether Tracy Towers has applied. Phillips reports 12 projects in the pipeline and Tracy Towers' two-phase closing timeline.
And how many city supervised developments have closed under the multifamily housing rehabilitation loan program or the Michelama reinvestment program?
Just one second.
We have that.
So currently we have 12 projects in our pipeline.
We're looking for the number.
I believe we have it with us for total projects that have ever closed on an HRP loan.
And what developments have applied for this?
And has Tracy Towers applied for it?
Sorry, can you repeat that?
Well, which developments?
You mentioned 12.
Yeah.
Which developments?
And then is Tracy Towers one of them?
So Tracy Towers is a two-phase closing.
So we close on financing at the end of June 2026.
And then we expect by the end of calendar year 2027 to close on the second phase of financing.
And, sorry, just to jump back, we do have...