Mitchell-Lama Rule Amendments

Adopted Rules: Closed to Comments

Agency:
Effective Date: 
Friday, August 12, 2016
Download Copy of Adopted Rule (.pdf): 

 

The adopted Mitchell-Lama rule amendments allow siblings to transfer applications as long as they both were included on the original application and at least 18 years of age at the time of such original application. They also clarify the definition of “probable aggregate annual income” to better reflect HPD’s current policy of excluding up to $20,000 of each secondary wage earner’s income.  The rule amendments fix an inadvertent omission of the requirements for succession for people added to stock certificates in Mitchell-Lama cooperative developments before the December 25, 2014 rule change prohibiting such additions.  Finally, the amendments recognize that, upon request and with HPD’s prior approval, spouses that meet certain requirements can be added as co-owners of shares and co-signatories of occupancy agreements without such succession determinations.