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Location: Read the Marketing Handbook, and Income a Guide.
2,013 posts, read 1,631,017 times
Reputation: 480
Quote:
Originally Posted by macnyc2003
Did those recent changes go through? I know some good ones were proposed, but I don't know if they came up for a vote.
For whatever reason, it did not get much press. Nor does the Governor have it on her brag sheet. Anyhow, see second paragraph from story on Inwood Tower.
“ In keeping with that plan, Hochul recently signed a law that raises the bar for Mitchell-Lama co-ops to opt out of the affordable-housing program and convert their apartments to market rate. The new law requires that 80% of residents — up from 67% — must choose to opt out of the program. It also requires Mitchell-Lama co-op boards to hold six shareholder meetings a year, and if a vote to opt out fails, it places a five-year moratorium on a new vote. The governor’s move has sparked sharp divisions. Supporters of affordable housing are delighted; shareholders and sponsors in Mitchell-Lama co-ops who yearn to transform their apartments to market rate are equally dismayed”
If so, is it normal to get selected to be on a waitlist but be assigned a log number that is lower than the latest approval number of the building?
Very likely those are numbers from a different previous waitlist that predates the most recent lottery. They exhaust the existing waitlist then switch to the recently created new one, I suppose.
Most certainly. I didn’t find how many log numbers were assigned in the previous lottery. Although maybe that would be helpful to understand when the last list is exhausted and this (2022) list starts.
For whatever reason, it did not get much press. Nor does the Governor have it on her brag sheet. Anyhow, see second paragraph from story on Inwood Tower.
“ In keeping with that plan, Hochul recently signed a law that raises the bar for Mitchell-Lama co-ops to opt out of the affordable-housing program and convert their apartments to market rate. The new law requires that 80% of residents — up from 67% — must choose to opt out of the program. It also requires Mitchell-Lama co-op boards to hold six shareholder meetings a year, and if a vote to opt out fails, it places a five-year moratorium on a new vote. The governor’s move has sparked sharp divisions. Supporters of affordable housing are delighted; shareholders and sponsors in Mitchell-Lama co-ops who yearn to transform their apartments to market rate are equally dismayed”
"shareholders and sponsors in Mitchell-Lama co-ops who yearn to transform their apartments to market rate are equally dismayed”
F*** these people. They applied, luckily got selected for an affordable housing unit and moved up the social economic ladder... And now they want to pull this ladder up and away from others.
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