Are all lottery apartments rent-stabilized indefinitely?

[niccyy]

Originally Posted by WildAboutHarry

The question should be re-stated, Are all StuyTown lottery apartments rent-stabilized indefinitely?


The StuyTown lottery is unique in many ways as a result of a long history which includes lawsuits, settlements, agreements, and so on. This particular lottery if different.

Whatever might be posted here, potential tenants at StuyTown would be benefit by asking management, Are all StuyTown lottery apartments rent-stabilized indefinitely? And, getting shown in writing what the answer is.

Sorry I’m new here and I don’t know how to edit a thread title after it’s been posted. I’d be happy to do it if you provide some guidance

[Al_from_Brooklyn]

Some are stabilized for 35 years. Others may vary.

[BugsyPal]

There are several flavors of "affordable" or "low income" lottery apartments. How long they are rent regulated falls to what program they were created under and what rules applied at that time. Generally units are RS until tax abatement period expires. By law leases are supposed to inform tenants if their building received tax abatement, when it will end, and what that means for rent regulated units.

https://hcr.ny.gov/system/files/docu...he%20apartment.

421-A used to be something like 25 years, but then it was changed to 35 or maybe a bit longer under BdeB.

Then you have units that are "permanently" affordable (something new, also from BdeB's time), meaning units never come out of RS long as that scheme exists.

STPCV is whole other ball of wax:


https://www.ibo.nyc.ny.us/iboreports...ct%20of%202015.

As to what happens when tax abatement ends, generally by law current tenant is protected and unit remains under that scheme until vacated. Once that happens any new tenant would be market rate.

This all presumes there will not be any changes to 2019 rent laws such as reinstatement of luxury decontrol.

[rhhaia]

Originally Posted by niccyy

Hi all!

My husband and I have just been offered a 1BR in Stuyvesant town. We’re trying to decide if we should accept the offer. I was doing some research on rent stabilization at Stuytown and I found out that many of the rent stabilized apartments were set to be de-regulated due to the expiration of the J-51 tax abatement. Does this apply to lottery apartments? Does anybody have more knowledge on rent stabilization at Stuytown?

We’re currently in a nice apartment with a decent landlord and we truly hate moving. If we move, we want to make sure we can live there for a really long time. Thank you!

Hi niccyy,

I was wondering if you accepted the offer, and if the lease/contract says its rent stabilize. I am also applying in stuytown, and just submitted my req. Thanks!