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The Amalgamated Co-op was the first housing complex in the United States founded under limited equity rules—a model that would ultimately be used to develop more than 40,000 units of affordable, owner-occupied and self-governing apartment co-ops in Greater New York. [1]
Amalgamated Dwellings (1930), in Cooperative Village, Lower East Side of Manhattan, New York City, 236 units; Hillman Housing Corporation (1947–1950), in Cooperative Village, 807 units; Under the Housing Development Fund Corporation. 566 W. 159th Street, Washington Heights; 1007-09 E. 174th Street, the Bronx; Lenox Court, East Harlem
Under this law, the city of New York is able to sell buildings directly to tenant or community groups to provide low-income housing. Many HDFCs were created through a process of co-op conversion of a foreclosed, city-owned property. As of 2008, over 1,000 HDFC cooperatives have been developed in the city.
The Penn South cooperative as seen from the Empire State Building. Penn South, officially known as Mutual Redevelopment Houses and formerly Penn Station South, is a limited-equity [1] housing cooperative development located between Eighth and Ninth Avenues and West 23rd and 29th Streets, in the Chelsea neighborhood of Manhattan in New York City.
The audit sampled five Mitchell-Lama developments outside New York City. The Mitchell-Lama program is a state initiative launched in 1955 to create affordable rental and cooperative housing for ...
Co-op city in the Bronx, a Mitchell–Lama development [1] The Mitchell–Lama Housing Program is a non-subsidy governmental housing guarantee in the state of New York. It was sponsored by New York State Senator MacNeil Mitchell and Assemblyman Alfred A. Lama and signed into law in 1955. [2] [3]
New York City conjures images of sky-high rents and luxury penthouses. But the Big Apple still offers pockets of somewhat affordability if you know where to look. We scoured the boroughs to...
If you’re thinking about moving to an affordable place in the United States, New York State probably isn’t top of mind. Explore: 6 Fun and Cheap (or Free) Things To Do in New York City This Summer