Building Knowledge
Episode 117 of Building Knowledge takes a close look at how the Apartment Owners Advisory Council (AOAC) of the Building and Realty Institute (BRI) is preparing for the upcoming public hearings and deliberations of the Westchester County Rent Guidelines Board in New York State. Our guest is Alana Ciuffetelli, Chair of the AOAC. In this episode, she discusses the growing pressures facing small building owners and managers and the policy and cost challenges shaping housing in Westchester County. Topics include: 1. The makeup of the AOAC membership and the ongoing strain on small building owners and managers as operating expenses continue to rise year after year. 2. A breakdown of significant increases in insurance costs impacting the housing sector. 3. An overview of broader operating expense increases affecting multifamily properties and complexes. 4. The impact of the 2019 Housing Stability and Tenant Protection Act (HSTPA) on both housing providers and tenants. 5. AOAC’s ongoing meetings with Westchester County legislators as part of its preparation for the Rent Guidelines Board hearings. 6. Perspectives from the building and realty community that the public members of the Rent Guidelines Board play a critical role in the future of Westchester’s affordable housing stock and must carefully consider fair and reasonable rent adjustments. 7. A direct message from Alana Ciuffetelli to the Rent Guidelines Board on the importance of balanced and responsible decision-making. This episode offers timely context ahead of one of the most consequential housing policy processes in Westchester County.
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