Mitchell Lama

… … The process of selling shares back to the coop should be fairly straightforward … This question is unique to MitchellLama cooperatives as the apartments are returned to the corporation rather than sold … the apartment back over to the coop when the owner dies or moves out rather than selling it and reaping the profits As …

… are a little more complicated After an eightyear battle the buildings shareholders voted this week to privatize giving … positive impact on this community the president of the buildings board told the site Privatization significantly … neighborhoods and create housing he says When the buildings paid off their mortgages theyd go out of the …