We will be inviting our residents in just like we always have whenever we're doing repositioning of our properties, we invite our residents in to be a part of that discussion. It will be an inclusive process over this next year. We intended to be able to communicate this with our residents. So that's the process that we're going through.
Mac text messages needs to be rebuilt full#
We've expressed that they had already but we have a process in which we submit a plan and then at the end of that approval period, it will lay out the full time frame for what we will do at McDougall and how long it will take.
Playing around how we will reposition McDougald Terrace. But the facts are this over the next year, we had to provide a plan of how we would reposition McDougald Terrace based on that plan and hades approval of that plan. At the end of two years, Not one, but at the end of two years, that's what it says. Two, we have to improve our unit conditions based on the typical scoring that he does and you guys have information on that and three, they want us to reposition McDougall terrorist community. One, We have to achieve a 95% occupancy portfolio wide. Last week There are three primary objectives in that recovery agreement.
So after months of negotiation with hugs starting to bleed back in october, we finally were able to execute a recovery agreement On February 15 of this year. So we received our Troubled Agency designation in the spring actually, I think it was February of 2020 for fiscal year 2018 but has not conducted any assessments of the DHS or any public housing authority since then because of the pandemic, But whenever a housing authority is deemed a troubled performer, as Dhs currently is based on 2018, then hud will have to negotiate a recovery agreement with that housing Authority recovery agreement basically says this is what hud expects us to do to correct those deficiencies and this is the time frame in which you need to do that.
Mac text messages needs to be rebuilt plus#
So the way it works is good, will conduct inspections of our properties and plus look at other metrics and based on that usually the next year, they will then give us a rating of the previous year. A was designated that fiscal year as a troubled agency And this is something that was covered in the media back then when it came out in 2020. So with that said, I want to talk a little bit about our recovery agreement, what it's about and why it's necessary. So again, I'm asking the media to be more responsible and respective of our residents and what you say and how it impacts them. There was nothing that I stated yesterday in our board meeting that indicated anybody had to move at the end of the year. Residents were concerned upset because they heard that they had to move by the end of the year. And again, I, as I said last night in our, in our board meeting, I implore that you in the media be much more responsible in how you report information and be reflective of how it's going to impact the lives of our residents.
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