Agency
Department of Housing Preservation and Development (HPD)
Mmr Indicator Name
Asset management — High risk rental projects in portfolio (%)
Mmr Indicator Description
The percentage of total rental projects in the asset management portfolio at high risk, where one or more buildings in the project are already showing significant indications of physical, or financial distress, or noncompliance with regulatory requirements. A project is deemed high risk if it meets certain criteria in at least one of three areas: physical health, financial health, or federal HOME and LIHTC compliance. Project physical health is measured by Housing Maintenance Code Class B (hazardous) and C (immediately hazardous) violations as well as Emergency Repair Balance. Project financial health is measured by municipal arrears, and tax lien sale history. HOME and LIHTC compliance is measured by instances of HOME or LIHTC non-compliance in the project. Fiscal year first quarter data is used as a proxy for the October year-to-date number reported in the Preliminary Mayor's Management Report.
Mmr Indicator Source
Division of Asset Management
Is The Source Of This
This MMR indicator will require additional evaluation to determine if its underlying data is already published on Open Data, when that data can be published, or why that data cannot be published.
Public Statement From Your
HPD is evaluating