HABITAT

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lowering rental % in a NJ coopJun 08, 2018

In 2014, our NJ coop passed the following resolution in our 150 unit building.

l) The rental resolution was passed unanimously restricting further rental units until the
building is under the 30% guidelines set by Fannie Mae and Freddie Mac.

We are currently at 23%. Can we lower our rate again, by resolution, to 25%?

Where can I look to find info on how low we can set our rental rate?

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