Preserving affordable units

DHCR has submitted a program bill that has been introduced in the Senate and  Assembly, A10812/S7359.

The bill amends the Housing Trust Fund to allow substantial rehabilitation,  use 10%  of funds for community facilities (and removes that limit on  acquisition)  and raises the limits per unit as explained in the  sponsor memo. It changes the statute so that buildings can be  occupied, albeit under occupied.  This may really be helpful for preservation of older rentals

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