How are negotiations progressing?
The Taskforce and our legal counsel are still in negotiations with the owners and the state ( DHCR and RIOC). • Why did I get a new lease but no rent increase? While we are in negotiations with the owners and the state, the owner has agreed to hold the rents at their current level. • How many tenants are interested in purchasing their apartments? Based on a 2001 survey approximately 60% responded that they were interested in purchasing their apartments. In April of 2006, 80% of tenants gave the Taskforce the right to represent them in these negotiations. In October 2006, over 60% of tenants voted in the Taskforce Board elections. • Will the building be going cooperative or condominium? We are not sure. Our choice based on financial opportunities is Cooperative but this will be determined through the offering negotiations. • Can I purchase more than one apartment? We are not sure. This will be determined through the offering negotiations. • Can I purchase an apartment other than the one
The Taskforce and our legal counsel are still in negotiations with the owners and the state ( DHCR and RIOC). • Why did I get a new lease but no rent increase? While we are in negotiations with the owners and the state, the owner has agreed to hold the rents at their current level. • How many tenants are interested in purchasing their apartments? Based on a 2001 survey approximately 60% responded that they were interested in purchasing their apartments. In April of 2006, 80% of tenants gave the Taskforce the right to represent them in these negotiations. In October 2006, over 60% of tenants voted in the Taskforce Board elections. • Will the building be going cooperative or condominium? We are not sure. Our choice based on financial opportunities is Cooperative but this will be determined through the offering negotiations. • Can I purchase more than one apartment? Very unlikely. This will be determined through the offering negotiations. • Can I purchase an apartment other than the one I
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