Washbridge Housing Corp. v. Tax Commission

John A. Mullen, Spec. Ref.

In determining the proper value of the properties. involved in this proceeding, in my opinion it is necessary to consider the provisions of the laws under which the acquisition of the air rights, or land, and the erection of these buildings were made possible.

These properties were acquired and constructed pursuant to the provisions of articles 2 and 3 of the Private Housing Finance Law enacted by chapter 803 of the Laws of 1961, effective March 1, 1962. Article 2 thereof is known as the “ limited-profit housing companies law ”. Article 3 thereof is known as the “New…