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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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