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RENT HIKE FEARED AT MIDDLE-INCOME E. SIDE COMPLEX

Posted by New York Tenant on June 19, 2001 at 11:35:27:

This story, RENT HIKE FEARED AT MIDDLE-INCOME E. SIDE COMPLEX, about Richard Ravitch's Mitchell-Lama development, Waterside Plaza, ran in today's online edition of the New York Post:

http://www.nypost.com/news/regionalnews/32903.htm

The story doesn't clearly say that Ravitch is trying to remove Waterside from the Mitchell-Lama program by paying off the mortgage. There has already been much litigation about Waterside, including which of the apartments in the various buildings would be covered by rent stabilization if Waterside left the Mitchell-Lama program.


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