City to Target Distressed Properties

January 16, 2011 Updated: January 16, 2011

[xtypo_dropcap]A[/xtypo_dropcap]pproximately 500 distressed buildings could be on their way to rehabilitation this year with the launch of a new Proactive Preservation Initiative, which was announced by Mayor Michael Bloomberg and Speaker Christine Quinn last week.

The program seeks to address deteriorating buildings before they have a chance to threaten the safety and health of residents, while not relying solely on complaints made to the city’s 311 line, according to nyc.gov.

“Our job is not just to wait until conditions around the city decline to a low point and fix them then, it’s to be vigilant and act aggressively to address problems before they worsen,” said Bloomberg in a statement.

The initiative is expected to target upward of 250 buildings every six months. The Department of Housing Preservation and Development has formed a new enforcement bureau, which will conduct cellar-to-roof inspections on the targeted buildings.