“The Kingston Common Council opposed the efforts of the largest private apartment complex in the city, Stony Run, to be exempted from rent regulations, Tuesday night, when the alders voted 9 to 0 to send a memorializing resolution to the state agency responsible for approving, or rejecting, the petition.
Lawyers for Stony Run — Belkin, Burden and Goldman — claim that the transfer of ownership of the for-profit apartment complex to a non-profit entity, qualifies the apartments for exemption.
The non-profit entity to which the apartment complex was transferred, Workforce Housing HFDC, was created as part of a deal brokered by Kingston Mayor Steve Noble — and signed off on by the common council — in which Stony Run agreed to rent apartments in income-restricted tiers known as ‘workforce hou