Rent subsidized apartments in jeopardy
(07/22/03) CASTLE HILL - Bronx and city tenants are in jeopardy of losing their rent subsidized apartments. So,one city councilmember announced a proposal aimed at helping the tenants.
Landlords who own buildings that are part of Mitchell-Lama program are at risk of losing their government subsidies because their contracts have expired. The landlords now have the option to get out of the program and rent the apartments at market value.
With the lack of affordable housing in the Bronx and the city, City Council Speaker A. Gifford Miller believes legislation is needed to protect the residents in the rent subsidized apartments. Under the proposal, landlords who opt out of the Mitchell-Lama Program must give tenants 18 months advance notice instead of the normal 12 months. Owners would also have to pay administrative fees to buy out of the program.
The legislation is not expected to be presented to the City Council until the fall.