Speaker Menin asks HPD about comprehensive financial review of all Mitchell-Lamas

Okay, I'm going to ask the second question then.

Has a comprehensive review of the financial condition of all city-supervised Mitchell-Lama developments, including which developments are currently experiencing

financial stress or are projected to require the most significant rent increases within the next five years, been conducted?

These are all from the letter.

So, again, these are not new questions.

These are ones that literally we've asked you all weeks ago, and we've received no response.

So we regularly work with the Mitchell Lama housing companies to review income and expenses, right?

So we regularly get income and expenses and audited financials and work with the companies to ensure that we can minimize rent or maintenance fee increases.

So has there been a conference?

Comprehensive review of the financial condition of all of the city-supervised Michelama developments?

We're regularly reviewing the financials of all city-supervised Michelamas.

And, okay, can you share the results with these two committees?

For every single Mitchell Lama that's city supervised?

Yeah, I mean, that's really what the, that's the point of the hearing is to look at the financial oversight.

I mean, I don't have that in front of me right now, unfortunately.

That is basic information.

I mean, we asked about this in the– I mean, I'm just surprised we sent this letter that the administration is not prepared to answer the questions that we asked about three weeks ago.

Yeah, unfortunately, I don't have that at my fingertips at the moment.

So we would like to get that, and we want that in the coming days.

So that's a confirmation that these two committees will get that information?

We will work our best to supply you with that information.

Okay.