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Mayor Bill de Blasio recently announced a new Mitchell-Lama Reinvestment Program. Nearly 20,000 of the city-supervised co-ops and rentals in New York City’s Mitchell-Lama buildings have left the program since 1989. The new program, with an initial infusion of $250 million, will target more than 15,000 homes over the next eight years to save Mitchell-Lamas where affordability is at risk.
