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The Lower Manhattan Development Corporation was formed in November 2001 by then-Governor George Pataki and then-Mayor Rudolph Giuliani. [2] The LMDC is a joint State-City corporation governed by a 16-member Board of Directors, half appointed by the Governor of New York and half by the Mayor of New York. As a result, Pataki and Giuliani ...
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.
Established in 1978 in the wake of Local Law 45 of 1976, the Department is the largest municipal developer of affordable housing in the United States.HPD is currently in the midst of New York City Mayor Bill de Blasio's Housing New York initiative to create and preserve 300,000 units of affordable housing by 2026.
The New York State Constitution, Art.X, sec. 5, provides that public benefit corporations may only be created by special act of the legislature. In City of Rye v. MTA, 24 N.Y.2d 627 (1969), the court of appeals explained that "The debates of the 1938 Convention indicate that the proliferation of public authorities after 1927 was the reason for the enactment of section 5 of article X....
Issuance of DASNY bonds for economic development projects began in 1998, with the Community Enhancement Facilities Assistance Program (CEFAP). Since then, approximately $1.9 billion has been spent on a number of relatively small projects, through more than ten different programs, among them the State and Municipal Facilities Program (SAM).
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
The Upper Manhattan Empowerment Zone (UMEZ) created UMHPF in 1999 to assist historic properties in Harlem, Inwood, and Washington Heights. Lower Manhattan Emergency Preservation Fund – The Landmarks Conservancy formed a special emergency fund with partner groups immediately after 9/11 to help restore landmark buildings damaged that day.
Drumgoole Plaza. Drumgoole Plaza was rededicated in 2003. It was the first park to be renovated with a grant from the Lower Manhattan Development Corporation, which had given $25 million to revitalize 13 open spaces in Lower Manhattan after the September 11 attacks.