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How are rent increases determined?

April 26, 2017increases rent

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How are rent increases determined?

1 Answer

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Currently rent increases for the Mitchell-Lama portfolio financed by HDC are supervised and regulated by HUD. Under the HDC Restructuring Program the Mitchell-Lama properties joining this program will be supervised and regulated by HPD and HDC. Certain properties receiving subsidies from HUD will still be regulated by HUD but direct supervision will be lessened.