A Response to Anonymous Flyer

by Alexis M.

All shareholders of River View Towers recently received by mail an anonymous flyer directing “Let Your Voices Be Heard!” As shareholders we need to pay attention to that direction and ask for response to the flyer’s nine (9) numbered paragraphs from our board of directors. In a cooperative, ALL shareholders are responsible for seeing that sound decisions are being made. Why was our previous highly professional on-site property manager removed? Why does the board now seek to remove our property management company? We deserve answers. A board of directors is answerable to the shareholders. Let’s speak up!

Why Prestige Management is Right for River View Towers
Does Prestige Management (“Prestige”, “PMI”) have what we need for the best chance of being affordable?	YES!!!
Experience with Mitchell-Lama Valued and long-standing relationships within NYS Housing and Community Renewal (HCR, formerly DHCR), built through many years of managing a portfolio of Mitchell-Lama affordable housing developments for both New York State (NYS) and New York City (NYC)	YES
Ability to Perform Success in operating Mitchell-Lama housing within the constraints of remaining affordable to its residents in the most expensive real estate market in the nation over many years of ever-increasing costs	YES
Integrity Reputation for integrity at all levels within NYSHCR, RVT’s supervising authority, built over many years of partnership working in maintaining New York State’s affordable housing portfolio	YES
Pertinent Knowledge & Valuable Relationships HCR rules and regulations, NYC Local Laws and NYS laws and rules plus long-standing relationships knowledge, gained from years of working in the field with banks, vendors, contractors and various licensed professionals, of those parties’ reputations, integrity, and ability to deliver on behalf of Prestige’s affordable housing portfolio	YES
River View Towers Shareholders in Mind PMI’s demonstrated respect for all members of the RVT community and PMI’s commitment to working with all boards of directors to provide a safe, healthy and prosperous environment for the residents of RVT	YES
River View Towers Affordability in Mind Prestige Management is committed to keeping our property in our hands by keeping our cooperative in the Mitchell-Lama program and to always guide our boards of directors in making decisions that will keep RVT in Mitchell-Lama rather than move RVT out of Mitchell-Lama.	YES

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