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KNICKERBOCKER VILLAGE TENANTS ASSOCIATION v. CALOGERO

44 A.D.3d 566 (2007)

844 N.Y.S.2d 42

KNICKERBOCKER VILLAGE TENANTS ASSOCIATION et al., Respondents, v. JUDITH A. CALOGERO, as Commissioner of the New York State Division of Housing and Community Renewal, Respondent, and KNICKERBOCKER VILLAGE, INC., Appellant.

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

Decided October 30, 2007.

KV is a limited dividend housing company, organized in 1934 pursuant to the State Housing Law of 1926, and is currently subject to article 4 of the Private Housing Finance Law, under the supervision of respondent Division of Housing and Community Renewal (DHCR). The 1,590 apartments in this development provide housing to persons of low income. KV applied to DHCR for consent to dissolve, deregulate and transfer its property to a private entity, namely, its sole shareholder...

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