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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. [1]
Southbridge Towers. Southbridge Towers is a big housing cooperative development located in the Civic Center neighborhood of Lower Manhattan, New York City.The complex was built between 1961 and 1971 by Tishman Realty & Construction as a subsidized co-op under the Mitchell-Lama housing program.
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
An analysis in 2015 showed approximately 1,300 existing Housing Development Fund Corporations (HDFC) (a form of limited equity cooperative in NYC), the majority of which had been created in the 1970's and 80's and clustered in low-income areas. They had primarily been created through the CMP, the TIL program, and Third Party Transfer program.
List of New York City housing cooperatives; 0–9. 519 East 11th Street; L. Local Law 45 of 1976; T. The Tower at City Place
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]
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.
Hudson View Gardens is a cooperative apartment complex located on Pinehurst Avenue and Cabrini Boulevard in the near vicinity of West 183rd and 185th Streets, located in the Hudson Heights subsection of the Washington Heights neighborhood in Manhattan, New York City.