Rochdale Village residents protest against potential 30% rate hikes at Mitchell-Lama complex - QNS

"Residents at Rochdale Village, one of the largest Mitchell-Lama co-op housing complexes in the country, staged a protest Sunday against proposed rate hikes that could rise as high as 30%. Residents on Sept. 7 gathered at the Rochdale Park basketball courts against the backdrop of the Rochdale Village Annual Fall Festival to voice concerns about "draconian and unjust" rate hikes at the massive affordable housing complex, which is home to roughly 25,000 people."

"But the 5,860-unit complex, like many other Mitchell-Lama complexes in the city, is currently facing a myriad of financial problems, including rising debts and insurance rates as well as mounting upkeep and maintenance costs. Residents attribute the rising costs to the complex's all-volunteer board and Summit Property Management, the private company that oversees the Rochdale Village complex. Gothamist reported earlier in the year that the sprawling complex is facing an $11.4 million shortfall next year,"

Rochdale Village, a 5,860-unit Mitchell-Lama co-op housing complex housing roughly 25,000 people, faces significant financial strain including rising debts, insurance costs, and maintenance needs. The complex confronts an $11.4 million shortfall next year and previously approved a 22.3% rate increase for January 2025; DHCR reviewed that decision and proposed increases between 22–30 percent. Residents blame an all-volunteer board and Summit Property Management for management failures and unpaid water bills dating to late 2020, leaving residents facing nearly $17 million in unpaid water charges. Residents protested at the fall festival to oppose steep, burdensome hikes.

Read at QNS