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Posted by JJ on May 31, 1999 at 23:26:37:

In Reply to: Owner-occupy rights posted by Shauna on May 24, 1999 at 15:09:58:

: The owner of my sister's building want to occupy her rent-stabilized apartment for personal use. What if the building was bought under the "Affordable Housing Program?" Are there restrictions under this program?
: Also, if he is a limited liability corporation, can he also take her apartment for personal use?

LLC: maybe: one and only one principal of a corporation/partnership/etc can take as many apts as he wants. Probably same for LLC.

Affordable Housing Program: maybe not: read the fine print: each program had different rules.

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Comments:
: : The owner of my sister's building want to occupy her rent-stabilized apartment for personal use. What if the building was bought under the "Affordable Housing Program?" Are there restrictions under this program?
: : Also, if he is a limited liability corporation, can he also take her apartment for personal use?

: LLC: maybe: one and only one principal of a corporation/partnership/etc can take as many apts as he wants.  Probably same for LLC.

: Affordable Housing Program: maybe not: read the fine print: each program had different rules.


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