Petitioner landlord contends that once the Federal low-interest mortgage upon its premises had been satisfied and the program under which it was granted concluded in 1987, the premises reverted to their pre-mortgage rent controlled status and, accordingly, that it was entitled to fair market rent increases when the purportedly rent controlled tenants ended their tenancies. Respondent DHCR, however, rationally determined that, upon the termination of the Federal mortgage and...
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