WOULD PROVIDE CRUCIAL PROTECTIONS FOR THOUSANDS OF MIDDLE-CLASS HOMEOWNERS IN EASTERN QUEENS
Council Members Sandra Ung and Linda Lee introduced a resolution in the New York City Council in support of state legislation that would provide critical protections for residents of ground lease cooperatives.
A.2619/S.2433 would limit rent increases on these properties to either 3 percent or the annual percentage change in the Consumer Price Index, whichever is lower.
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