Since the New York City Department of Housing Preservation and Development (HPD) set the initial rents for the subject apartments following renovations that were financed in part with a Private Housing Finance Law loan from HPD, respondent New York State Division of Housing and Community Renewal (DHCR) was without authority to review petitioners' challenges to those rents (see Rent Stabilization Code [9 NYCRR] § 2521.1 [f]), and therefore correctly terminated...
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