A8125 — Prohibits real property that has converted from Mitchell-Lama to a housing development fund company from retaining certain tax benefits

A8125 — Prohibits real property that has converted from Mitchell-Lama to a housing development fund company from retaining certain tax benefits · Informed CitizenryThis bill amends the private housing finance law to prohibit certain Mitchell-Lama housing cooperatives from receiving shelter rent tax exemptions. Specifically, it states that a housing developmen…Open in Informed Citizenry