TEP invoice received "out of the blue" by Rivercross’s mortgage holder, The Community Preservation Corporation, puts the building’s monthly tax-equivalency cost at a high multiple of the past cost.
The WIRE’s 2005 coverage of the tax abatement issue for the Island’s Mitchell-Lama buildings is available on line, on Website NYC10044. Internet addresses for the relevant issues are shown, with dates, below.
February 19, 2005
nyc10044.com/wire/2512/wire2512.pdf
March 5, 2005
nyc10044.com/wire/2513/wire2513.pdf
April 2, 2005
nyc10044.com/wire/2515/wire2515.pdf
May 14, 2005
nyc10044.com/wire/2518/wire2518.pdf
I’m being told that they are willing to discuss some negotiation on the TEP payments presuming there is some long-term affordability on those properties.
–DHCR Commissioner Deborah VanAmerongen