PHA Building Extension 

The board is pushing to build three 20-story towers behind the PHA pool, over the train tracks, that would be rentals.  In a New York Times Article, it is stated that they want to create 850 apartments, a quarter of which would be rented at below-market rates.  

How is the board going to manage an 850 rental building when they can't even handle what they currently have with the 643 units in the PHA?  For example, in our 2024 annual shareholder meeting, Don stated that the board would go floor by floor in each wing to meet with shareholders, and that never happened. They have stated since 2018 that the garden would be repaired, and 8 years later, we are still waiting for the repairs to be completed. 

The board has acknowledged that the stairwells are in disrepair, with graffiti on the walls, large chunks of plaster missing from all parts of the stairwell walls, primed walls for years that have not been painted, and broken railings.  

 Instead of having our PHA maintenance staff focus on the cosmetic repairs they are trained to handle, it has been left in a horrible condition. The board issued this statement during our 2025 annual shareholder meeting: "They are looking to hire a company to fix allthe stairwells, and they are getting quoted a lot of money for them". Yvonne stated at the end of our 2025 shareholder meeting that she wanted to start sending out a monthly newsletter to shareholders to keep them informed on what's going on in the building, but has yet to send one in 2026.