Mitchell-Lama
Short Takes Tuesday
Something Different After Day 181. Gov. Elliot Spitzer and his NYS Division of Housing and Community Renewal (DHCR) dramatically altered and improved the housing fate of tens of thousands of Mitchell-Lama tenants. When the owners of Mitchell-Lama projects opt out of the program, the usual rule of law had been that those tenants become rent-stabilized – no big windfall for the owner. However, some owners, seizing on language in the enabling legislation, had won a court ruling that opting out of Mitchell-Lama was itself such a “unique and peculiar circumstance†that the apartments could instantly be converted to market rate. Yesterday, the Governor and the DCHR closed that loophole. NYDN article here.
affordable housing | Health | Mitchell-Lama | Politics of Crime | Children's Defense Fund | Eliot Spitzer | George W. Bush | Paul Krugman
