After facing backlash from co-op owners, the City Council is moving to amend a law that requires landlords to register their rent-regulated apartments with the city. Council member Mark Levine introduced a bill that will change the definition of “affordable units” that must be registered with the Department of Housing Preservation and Development’s online affordable housing portal. Local Law 64, which went into effect last year, included Housing Development Fund Corporations, co-ops that were taken
source https://therealdeal.com/2019/10/30/co-op-owners-get-a-quick-fix-on-registration-program-aimed-at-rent-regulated-apartments/
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