NYC-WTC_000195490

NYC 9/11 Public Portal Document

HOUSING PRESERVATION AND DEVELOPMENT nstruction nstruction The Department of Housing Preservation and Development (HPD) is responsible for the preservation, of the St. rehabilitation and expansion of New York City’s housing stock. HPD serves as a catalyst for private investment on for the and economic reintegration of communities with, the greatest need. As reflected in the 2002 Executive Budget, .5 million the agency will stimulate the preservation and development of affordable housing through direct investment and / the provision of loans and other forms of financial assistance. The agency will also continue to enforce compliance with housing quality standards and maximize neighborhood ownership and management of housing by soliciting les $205.9 local participation in its disposition and development programs. Two offices manage the bulk of the HPD’s ictionand programs. I lities, and luring the The Office of Housing Operations, comprised of six divisions, focuses its resources on the maintenance and upgrading of occupied residential properties, both privately-owned and City-owned in rem buildings, and addresses emergency repairs where necessary. The Division of Alternative Management Programs (DAMP) administers nillion for “Building Blocks!,” the City’s comprehensive neighborhood redevelopment initiative designed to encourage a vehicle neighborhood revival by returning City-owned in rem buildings to responsible private owners. The Division of 1 mobility Property Management maintains the City’s in rem housing until buildings pan be returned to responsible private nillion for ownership. The Division of Maintenance addresses repairs in privately-owned buildings in response to emergency f reducing violations (including lead paint) issued by code inspectors if the landlord fails to perform the repair. This office also includes the Division of Code Enforcement (DCE) which enforces the City’s housing code andassists owners in correcting hazardous conditions and code violations. The Division of Anti-Abandonment, whose primary goal is to prevent the abandonment and consequential City ownership of distressed buildings, implements the agency’s PRO-Housing initiative, offering property owners education, investment, and enforcement - or three “Eathways to Responsible Qwnership”.

The Office of Development, through its three divisions, provides affordable housing opportunities by promoting the construction of new homes and apartments on formerly City-owned vacant land and by reconstructing and selling vacaht and occupied buildings. Through various neighborhood initiatives and homeownership programs, the Division of New Construction builds new homes, making HPD the most prolific developer of affordable housing in the nation. To encourage private construction, rehabilitation, and economic development, the Division of Housing Finance provides loans for supportive housing development and uses a variety of tools, including Tax-Incentive Programs, low-interest loans, and Low Income Housing Tax Credit allotments. The Division of Housing Supervision regulates the approximately 60,000 apartments in 141 Mitchell-Lama rental and co-op housing coihpanies. I ' ' The Office of Legal Affairs provides legal services in the Agency’s pursuit of housing development and 1 preservation. The Office of Planning and Intergovernmental Affairs, the Office of Community Partnerships, and the Office of Administration/Technical Services and Equal Opportunity provide support for the above programs.

Financial Review

The 2002 Executive Budget for HPD provides $419 million for operating expenses as compared to $402 ' million in 2001, an increase of $17 million. Of the total operating expenses, $115 million is for personal services and the remaining $304 million is for other than personal services. Concurrently, the Four Year Plan allocates $2 billion in capital to the City’s housing programs over the period 2002-2005.

Revenue Forecast

HPD collects revenue from residential and commercial tenants occupying in rem buildings, from auctions, and from negotiated sales. HPD also collects fees for processing tax abatement and exemption applications.

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