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CITY OF NEW YORK v. 100 WEST 88TH ST. HOUS. DEV. FUND CORP.

1047, 451145/12.

139 A.D.3d 425 (2016)

32 N.Y.S.3d 67

2016 NY Slip Op 03446

CITY OF NEW YORK et al., Respondents, v. 100 WEST 88TH STREET HOUSING DEVELOPMENT FUND CORPORATION et al., Appellants.

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

Decided May 3, 2016.

The City of New York and six Housing Development Fund Corporations (HDFCs; together, plaintiff HDFCs), each of which owns at least one residential building that was converted from city ownership to cooperative ownership pursuant to Private Housing Finance Law article XI, through the City's Tenant Interim Lease Program, seek to enforce a replacement reserve agreement (the RRA) against defendants, HDFCs whose converted buildings contain commercial rental space. The RRA requires...

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