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New York

Developers leaving Mitchell-Lama program

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More developers are leaving Mitchell-Lama, the state program that gives developers incentives to build affordable rental and co-op units in New York. The number of Mitchell-Lama apartments in the city has dropped to 114,989 from a total of more than 140,000. Another 8,042 are expected to disappear within the next year. more [NYDN]

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