New York CIty Council Member Ben Kallos

City Limits City Pushes to Regulate Low-Income Coops Amid Some Shareholders’ Opposition by Abigail Savitch-Lew

City Pushes to Regulate Low-Income Coops Amid Some Shareholders’ Opposition

The council members, including Margaret Chin, Corey Johnson, Rosie Mendez, Daniel Garodnick, Ben Kallos, Mark Levine and Ydanis Rodriguez, expressed concern that the regulatory agreement had been crafted without significant input from HDFC stakeholders, that the regulation was “one-size-fits-all,” that additional restrictions could hurt stakeholders’ leveraging ability, among other concerns.

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