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Ownership Transfer Project: An Evaluation of an Indirect Service Approach to Preserving Housing in New York City

机译:所有权转移项目:对纽约市住房保障的间接服务方式的评估

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The success of New York City's Ownership Transfer Project, which transfers ownership of abandoned buildings to the tenants before the city takes the building over, is detailed. The Department of Housing Preservation and Development (HPD) and the Community Service Society of New York assisted the tenants in clarifying objectives, working with building management, and converting to a cooperative. Assistance was also available for handling legal, architectural, and financial activities. The project was an example of the indirect service approach to solving social welfare problems. This approach aims to modify institutional behavior, personal behavior, or the market for services. The project resulted in the sale of eight buildings, with a total of 284 units, to tenants residing in these buildings. The cost per unit for the project came to $403. The city saved substantial costs by not having to take the buildings over. The majority of the tenants were on fixed incomes or receiving public assistance. The one disappointment in the project was the failure of the not - for - profit sector to make use of its own pension or endowment funds to finance the purchase of buildings. The project should continue, with funding from any or all of three sources -- the federal government, the city, and the private sector. A degree of self - funding is desirable, and steps should be taken to institute this arrangement without making it too expensive for the tenants.

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