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A more than 1,000-unit co-op on the Lower East Side will remain affordable for low-income and middle-class New Yorkers under a deal announced by the city today. The financing that officials agreed to provide to Masaryk Towers is a win for the mayor's housing initiative at a time when other buildings in the decades-old Mitchell-Lama program have opted to go market-rate.
(Implying that Masaryk did NOT opt to go market rate)
And:
The Mitchell-Lama program was initially funded by the federal government in the 1950s and 1960s and created more than 100,000 apartments in New York state. Since 1989 roughly 20,000 of those co-ops and rental units in the five boroughs have left the program and become market-rate, according to the city. In October Mayor Bill de Blasio pledged $250 million to try to keep 15,000 apartments in the program, and the financing for Masaryk Towers is part of that initiative.
(Masaryk will stay affordable because it is part of this program that keeps MLs from going private)
I wonder why bother mentioning "limiting the profit on sellers." That makes no sense, since technically no one is allow to sell their unit. That's what threw me off.
where did you see this post? did you go to the main office or is there a website you were able to check with latest update? I'm wondering are people getting in ahead of the list by giving money under the table or are the management legits and play by the rules? just wondering...
where did you see this post? did you go to the main office or is there a website you were able to check with latest update? I'm wondering are people getting in ahead of the list by giving money under the table or are the management legits and play by the rules? just wondering...
A friend of mine is an applicant for a 2 bedroom . Like most others, he applied back in 2010. His log number was in the low 2000's. Submitted all paperwork and file has been sent to the city. Praying for the best for his family. It's a long process so hope he crosses the finish line
FYI!
Masaryk Towers
Last Number
Approved ------------ STUDIO --- 1 Bedroom --- 2 Bedroom --- 3 Bedroom
Waiting List #------------ 887 --------- 46 ---------- 1964 --------- 86
Last Approval ------- 5/20/2019 -- 3/25/2019 -- 4/18/2019 -- 11/16/2017
Metro Management Development
(212)-982-2212
Last edited by NYDANIEL; 06-09-2019 at 03:52 PM..
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update
