“Dissolving our building’s Mitchell-Lama status would be a small but significant injustice in an already deeply unequal city. Shareholders who have long benefitted from the program would be autonomously divesting…
The key affordable-housing program faces privatization pressures, repair issues and controversies over shareholder elections—but tenants, the City Council and HPD disagree about who is in a position to solve them.
During the Bloomberg administration, rents were hiked dramatically at one Brooklyn complex in order to keep it operating. The city believes the move preserved a Mitchell-Lama development. Some tenants say…
Mitchell-Lama co-op owners bought their units when the buildings were subsidized for affordability. Now some debate whether it’s right sell those apartments for lucrative market prices.
Deep repair needs and an alluring private market are pushing the mostly middle-class complexes toward the open market, eroding a bulwark of affordability.