A1553 — Requires companies aided by loans under Mitchell-Lama to notify tenants of buy out from mortgage options and a report by the commissioner or supervising agency

A1553 — Requires companies aided by loans under Mitchell-Lama to notify tenants of buy out from mortgage options and a report by the commissioner or supervising agency · Informed CitizenryThe bill amends the private housing finance law by adding new requirements for companies that own Mitchell-Lama projects. Under the amended law, any company intending to dissolve or take action th…Open in Informed Citizenry