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NYCHA is a public-benefit corporation, controlled by the Mayor of New York City, and organized under the State's Public Housing Law. [6] [11] The NYCHA ("NYCHA Board") consists of seven members, of which the chairman is appointed by and serves at the pleasure of the Mayor of New York City, while the others are appointed for three-year terms by the mayor. [12]
The State Housing Law of 1926 created the State Board of Housing. [5] [6] The law was reenacted in 1927 to create the Bureau of Housing. [7] Article XVIII on housing was added to the New York Constitution effective 1 January 1939. [8] The Division of Housing was continued in 1939 with the enactment of the Public Housing Law.
Its mission is to expand affordable housing opportunities for low- and moderate-income New Yorkers. HCR consists of several state agencies and corporations: the New York State Division of Housing and Community Renewal (DHCR), the New York State Housing Finance Agency (HFA), the State of New York Mortgage Agency (SONYMA).
Citizens Housing and Planning Council was founded in 1937 by a coalition of intellectuals and activists who worked closely with Senator Robert F. Wagner in crafting the Housing Act of 1937 and its advocacy helped to encourage NYC to maintain economically integrated public housing, well located in neighborhoods with access to services and transportation.
The housing movement in New York City was noted in this era for the prevalence of women in leadership, including at the Met Council; [6] in addition to Jane Benedict, other founders included Esther T. Rand [7] and Frances Goldin, [1] and other women in leadership roles early in the organization's existence included Mrs. Juan Sanchez [8] and Marie Runyon. [1]
HFA and its subsidiaries are now administered by New York State Homes and Community Renewal, [4] created in September 2010 to include the New York State Division of Housing and Community Renewal. In 2017, the HFA had operating expenses of $368.76 million, an outstanding debt of $16.780 billion, and a staffing level of 263 people.
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 ...
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]