Once a building exits the Mitchell-Lama program the FMV bills will again be issued. Until that point each building would continue to be responsible for the subsidized tax equivalency bills they have been enjoying all these years. No word when each building is to be formally informed of this development, by either the DHCR or the ESDC, or if they already have been.
It is assumed that the Privatization Committee at Rivercross will continue to push for privatization as they had been prior to the ESDC FMV tax bill debacle claiming that knowing what the FMV tax bills will be gives them one more number for their exit calculations.
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