The state's Mitchell-Lama affordable housing program exchanges tax-exempt financing for affordable housing. Currently, if a building was built after 1973 and the owners leave Mitchell-Lama or Section 8 they're not subject to rent stabilization laws. The Save Starrett City Law would mean building owners who leave Mitchell-Lama or Section 8 affordable housing programs would still have to follow rent stabilization laws.
Working Families supports the Save Starrett City Law. Here's Executive Director Dan Cantor quoted in a New York Times article:
"Starrett City represents everything that we really think this city should be about . . . It's called the 'Save Starrett City Law,' but it really should be called the 'Save New York City Law.'"Look for more this week on this issue and ways for you to get involved.
Technorati tags: Working Families Party | Affordable Housing