Initiates a five-year moratorium on the dissolution of any urban rental Mitchell-Lama company; establishes a Mitchell-Lama housing program study.

The bill introduces a five-year moratorium on the dissolution of any urban rental Mitchell-Lama company. It also mandates a study by New York State Homes and Community Renewal, in consultation with the New York City Department of Housing Preservation, on the preservation, sustainability, reform, and growth of the Mitchell-Lama housing program. The study will cover recommendations for expansion, taxation and financing models, time adjustments for company dissolution, and an analysis of current family income criteria.

Initiates a five-year moratorium on the dissolution of any urban rental Mitchell-Lama company; establishes a Mitchell-Lama housing program study.

The bill introduces a five-year moratorium on the dissolution of any urban rental Mitchell-Lama company. It also mandates a study by New York State Homes and Community Renewal, in consultation with the New York City Department of Housing Preservation, on the preservation, sustainability, reform, and growth of the Mitchell-Lama housing program. The study will cover recommendations for expansion, taxation and financing models, time adjustments for company dissolution, and an analysis of current family income criteria.