Expertise Managing Mitchell-Lama Properties
FirstService Residential is recognized as an expert in the management of New York City Department of Housing Preservation and Development (HPD) and New York State Homes and Community Renewal (HCR) Mitchell-Lama housing. We manage more than a dozen communities with over 7,000 apartments.
Our long-standing relationships with HPD and HCR enable us to help our Board members successfully navigate the myriad of Mitchell-Lama regulations, thus protecting the building and its shareholders. Our accounting and bookkeeping staff are trained and experienced in the unique accounting and bookkeeping standards applicable to Mitchell-Lama housing, including the administration and processing of SCRIE and Section 8.
We also specialize in resale processing according to the rules and regulations of HPD and HCR and can assist Board in establishing move-in/move-out procedures and guidelines, alteration policies and other agreements affecting resale.