Tenant Faces Eviction for Short-Term Renting Terrace

A limited-equity housing cooperative's board in Chelsea is evicting a retired resident after the board used a sting operation to catch the resident renting out his private terrace on short-term rental sites AirBnB and Roomorama. The resident's apartment building was given 25 years of tax abatements to keep it affordable to those with limited incomes. Currently, the city allows the building's taxes to be calculated based on the cooperative's income, as is done with Mitchell-Lama housing. In return, the development must remain a limited-equity cooperative until 2022.