S2002 — Provides that upon sale of a limited-profit housing company project, reserve and surplus funds must be held in escrow and dedicated to major capital improvements

S2002 — Provides that upon sale of a limited-profit housing company project, reserve and surplus funds must be held in escrow and dedicated to major capital improvements · Informed CitizenryThis bill amends the private housing finance law to establish requirements for the sale or conveyance of limited-profit housing projects to entities other than limited-profit housing companies. Und…Open in Informed Citizenry