Harlem Apartment Building Will Remain Affordable Another 40 Years

 

By Kenneth Lovett

ALBANY — A Harlem apartment building will continue to offer affordable housing for another 40 years under a deal announced Thursday.

Lakeview Apartments, which is at the corner of Fifth Ave. and 106th St. in East Harlem and has 446 apartments, is leaving the Mitchell-Lama affordable housing program this year, which could have resulted in market-rate rent hikes as apartments became vacant, aides to Gov. Cuomo said.

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Source: The New York Daily News (via Empire Report New York)