Building Owned by Not-for-Profit Housing Corporation
LVT Number: 6737
Landlord sued to evict tenants for nonpayment of rent. Landlord stated in its petition that the building was exempt from rent stabilization. The trial court ruled for landlord. Tenants appealed, claiming that the building was subject to rent stabilization. The appeals court dismissed tenants' appeal. Landlord was a not-for-profit housing corporation organized under the Not-For-Profit Corporation Law and the Private Housing Finance Law. The building was operated exclusively for charitable purposes and was therefore exempt by law from rent stabilization.
[310 East 4th Street Housing Development Fund Corp. v. Rooks: NYLJ, p. 21, col. 1 (1/12/93) (App. T. 1 Dept.; Parness, JP, Miller, McCooe.)].