![]() Obtain and analyze the vacancy reports to identify developments that consistently have delays in filling their vacant apartments, and work with these developments to identify issues and improve performance.Developments’ quarterly vacancy reports are not submitted to HPD in an analysis-friendly format, which compromises their value as a monitoring tool.HPD does not enforce the requirement for developments to submit plans of action for apartments vacant for over 120 days, nor does it have evidence that it follows up with developments for status updates.At one development – Lindsay Park in Brooklyn – 15 apartments had been vacant for as long as 30 years.Of a sample of 49 vacancies from the Decemquarterly reports, 20 were still vacant as of February 9, 2021, including 4 three-bedroom apartments in the Bronx, each with a monthly rent of less than $2,000.We estimate that protracted delays in filling apartments cost the developments about $9.1 million in unrealized income as of December 2019.As of December 31, 2019, 78 developments reported 670 vacancies, 371 (55 percent) of which had been vacant for over 120 days, including 111 apartments vacant for over a year and eight apartments vacant for more than 3 years.Despite the scarcity of affordable housing, vacant apartments were generally not filled within the 120-day time frame, with 1,286 apartments taking, on average, 222 days to fill, including 214 that remained vacant for a year or longer.HPD does not adequately monitor developments to ensure their compliance with the requirements of its 2017 Directive. HPD’s staff of Property Managers are responsible for monitoring the developments’ apartment turnovers and vacancies to ensure compliance with requirements. For apartments that have been vacant for periods exceeding 120 days, developments must provide a written explanation for the delay as well as a plan of action to resolve the matter causing the prolonged vacancy. Developments are also required to submit quarterly Apartment Turnover and Vacancy Reports (vacancy reports) to HPD, showing apartments that were filled during the quarter (turnovers) and current vacancies that need to be sold or rented. To ensure efficient turnover of vacant apartments, HPD’s Reporting and Compliance Directive (Directive), issued in June 2017, requires developments to fill vacancies within 120 days. In NYC, there are 93 HPD-supervised Mitchell-Lama rental and limited-equity co-op developments with approximately 47,000 total apartments.Īpartments in Mitchell-Lama developments tend to be desirable because of their affordability consequently, the waiting lists for many of these apartments can be quite lengthy. HPD, the nation’s largest municipal housing preservation and development agency, is charged with promoting the quality and affordability of NYC’s housing. The Mitchell-Lama Housing Program was created in 1955 to provide affordable rental and cooperative (co-op) housing to middle-income families. Our audit covered apartments that were vacant, and those that became vacant, in calendar year 2019 and actions taken by HPD through March 12, 2021. To determine whether the New York City (NYC) Department of Housing Preservation and Development (HPD) is ensuring that vacant apartments at Mitchell-Lama developments are filled timely. damages incurred from the viewing, distributing, or copying of such materialsīecause Google Translate™ is intellectual property owned by Google Inc., you must use Google Translate™ in accord with the Google license agreement, which includes potential liability for misuse: Google Terms of Service.damages or losses caused by reliance upon the accuracy of any such information.The State of New York, its officers, employees, and/or agents are not liable to you, or to third parties, for damages or losses of any kind arising out of, or in connection with, the use or performance of such information. The Office of the State Comptroller does not warrant, promise, assure or guarantee the accuracy of the translations provided. If you rely on information obtained from Google Translate™, you do so at your own risk. Google Translate™ cannot translate all types of documents, and it may not give you an exact translation all the time. However, the "Google Translate" option may help you to read it in other languages. The New York State Office of the State Comptroller's website is provided in English. ![]() This Google™ translation feature is provided for informational purposes only.
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