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MATTER OF McCARTHY v. NEW YORK STATE DIV. OF HOUS. & CMTY. RENEWAL

216 A.D.2d 4 (1995)

627 N.Y.S.2d 378

In the Matter of Mary A. McCarthy, Individually and as President of Promenade Tenants Association, Appellant, v. New York State Division of Housing and Community Renewal, Respondent

Appellate Division of the Supreme Court of the State of New York, First Department.

June 1, 1995

Respondent's determination to include debt service arrears as current operating expenses in calculating a rent increase application for this Mitchell-Lama publicly assisted limited profit development conformed to the agency's statutory responsibilities (Private Housing Finance Law §§ 28, 31), as the Legislature did not intend the goal of providing low and middle income housing "to be achieved at any cost" as housing companies...

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