REBNY challenges law for subsidized tenants

June 02, 2006 12:00AM

The Real Estate Board of New York is challenging a city law that gives tenants in federally subsidized apartments the chance to buy their buildings. Local Law 79, passed by the City Council last summer, requires landlords who don’t renew federal housing contracts to sell their buildings and to give tenants the first opportunity to buy them. more [Villager]

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