NY Housing Twitter pls weigh in and tell me what “Mitchell Lama 2.0” means to you!!!
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additionally, I think a lot of people pushing for this see it as part of a "filtering down" process in a way that middle-income rental apartments will never be. At least that's how I've seen it, and I think that idea probably holds more promise now due to HSTPA.
What abt the large #s of ML rentals? They have relatively high income limits. I wanna know more abt the financing/why it’s preferable to HPD’s current method (if it is).
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I think the answer to this question is “buy
@slowboring a beer.” -
I do have a lengthy answer to this question that I could give at some point.
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The higher income limits were by design, to ensure they were self- sustaining financially. They still served a pretty wide range of incomes. Main difference bet. current model and ML is LIHTC relies on a lot of wall street middle men to generate any equity.
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