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Increased the minimum rent for deregulation of an apartment to $2,500; Increased the household income to $200,000 for deregulating an occupied apartment with a rent of at least $2,500; In June 2015, the New York State Legislature enacted the Rent Act of 2015. [29] Rent laws were extended four more years through 2019.
It was signed into law in 1955 as the Limited-Profit Housing Companies Law. [2] [3] It was later recodified as article II of the 1961 Private Housing Finance Law.[7] [8] Article II Limited-Profit Housing Companies refer to not-for-profit corporations, whereas article IV Limited Dividend Housing Companies refer to non-Mitchell–Lama affordable housing organized since 1927 as business ...
The federal government, through its Low-Income Housing Tax Credit program (which in 2012 paid for construction of 90% of all subsidized rental housing in the US), spends $6 billion per year to finance 50,000 low-income rental units annually, with median costs per unit for new construction (2011–2015) ranging from $126,000 in Texas to $326,000 ...
No.# of Buildings No.# of Stories No.# of Apartments Date of Completion Date of Demolition Notes Alfred E. Smith Houses: Lower East Side: 12 17 1,931 October 30, 1950: Audubon Houses: Washington Heights: 1 20 167 April 30, 1962: Amsterdam Addition: Upper West Side: 1 27 175 January 31, 1974: Amsterdam Houses: Upper West Side: 13 6 and 13 1,080 ...
US new home sales tumble to two-year low in October. ... located in Brooklyn's trendy Williamsburg neighborhood, has three bedrooms and 2.5 bathrooms ... Four in 10 middle-class renters pay 30% or ...
Created in 1934 as the first agency of its kind in the United States, it aims to provide decent, affordable housing for low- and moderate-income New Yorkers throughout the five boroughs of New York City. [1] [2] NYCHA also administers a citywide Section 8 Leased Housing Program in rental apartments. NYCHA developments include single and double ...
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