i live in a former michell lama building built in the mid 1970's that opted out of the program 2-3 years ago, non section 8 tenants who were under the mitchell lama program made a deal where we would pay the landlord our current rent with an 8% raise each year till we reach market rent, i was wondering if and how the governors closing of the mitchell lama loophole would affect tenants in my building?
http://www.dhcr.state.ny.us/general/public/preserve.htm