Speaker Menin on state audit findings and need for stronger stewardship
Menin cites the state comptroller audit identifying chronic deterioration and financial oversight weaknesses, arguing preservation requires strong stewardship, transparent management, and strategic public investment.
And are rent increases becoming the default solution before every available financial and preservation tool has first been exhausted?
Those questions have become even more pressing following the recent state controller audit, which identified chronic physical deterioration at many Mitchell Lama developments, as well as weaknesses in financial oversight.
site and accountability.
The findings truly underscore that preserving these buildings requires more than just balancing operating budgets.
It requires strong stewardship, transparent management, and strategic public investment as well.
This hearing is not about questioning whether Mitchell Lama developments need financial support.
They do.
It's about examining how that support is delivered and whether the city is making full use of the tools at its disposal before asking these tenants to bear the cost.