Division of Housing and Community Renewal
Selected Management Practices at Rochdale Village Many of New York's publicly financed housing developments are owned by private housing companies, such as Rochdale Village, Inc., which owns 5,860 cooperative apartments in Queens. We analyzed a sample of 49 recently occupied apartments and determined that they remained vacant for an average of 128 days between tenants. We estimate that about $85,000 in rent was lost as a result of this inefficient practice. We also determined that, contrary to State regulations, tenants were not selected in the order in which they applied for apartments. We further determined that Rochdale's tenant selection practices inappropriately favor higher-earning applicants. We also found that improvements are needed in internal controls relating to purchasing and inventory activities. We recommend that Rochdale operations be more closely overseen by the Division of Housing and Community Renewal.
For a complete copy of Report 98-S-2 click here.
For a copy of the associated follow-up report click here.