Residents of all NYC’s Mitchell-Lama houses, the state’s affordable co-op housing program, are positioned to pay less in taxes, thanks to new legislation that Gov. Kathy Hochul is set to sign into law on Tuesday.
The new law, sponsored by Assembly Member Tony Simone and state Sen. Brad Hoylman-Sigal from Manhattan, would allow city officials to pass local property tax relief for Chelsea’s Penn South residents.
