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The 421-a tax exemption is a property tax exemption in the U.S. state of New York that is given to real-estate developers for building new multifamily residential housing buildings in New York City. As currently written, the program also focuses on promoting affordable housing in the most densely populated areas of New York City. The exemption ...
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. By the end of 2021, the City of New York financed more than 200,000 affordable homes since 2014, breaking the all-time record previously set by former Mayor Ed Koch . [ 3 ]
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).
More than five dozen employees with the New York City Housing Authority were charged with accepting cash payments in exchange for giving out contracts, federal officials said, calling it the ...
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 authority receives $1.5 billion in annual funding from the U.S. Department of Housing and Urban Development, Williams' office said. "NYCHA residents deserve better," Williams said in a statement.
The Marcy Houses, or The Marcy Projects, is a public housing complex built and operated by the New York City Housing Authority (NYCHA) and located in Bedford–Stuyvesant and is bordered by Flushing, Marcy, Nostrand and Myrtle avenues. [1] [2] [3] The complex was named after William L. Marcy (1786–1857), a lawyer, soldier, and statesman. [4]