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Created in 1934 as the first agency of its kind in the United States, it aims to provide decent, affordable housing for low- and moderate-income New Yorkers throughout the five boroughs of New York City. [1] [2] NYCHA also administers a citywide Section 8 Leased Housing Program in rental apartments. NYCHA developments include single and double ...
DHCR administers various programs aimed at developing, rehabilitating, and preserving affordable housing in the state. Programs include the Mitchell–Lama Housing Program, federal Low-Income Housing Tax Credit and State Low-Income Housing Tax Credit, which offers tax incentives to encourage private investment in affordable housing; the federal HOME Investment Partnerships Program of the HTFC ...
No.# of Apartments Date of Completion Date of Demolition Notes Alfred E. Smith Houses: Lower East Side: 12 17 1,931 October 30, 1950: Audubon Houses: Washington Heights: 1 20 167 April 30, 1962: Amsterdam Addition: Upper West Side: 1 27 175 January 31, 1974: Amsterdam Houses: Upper West Side: 13 6 and 13 1,080 December 17, 1948: Baruch Addition ...
The 1199 Plaza is a housing project in East Harlem. [4]Located on First Avenue, on the western bank of the East River, the 1199 Plaza consists of four 31-story towers, joined by mid-rise units which extend toward the riverbank. 1199 Plaza opened in 1974, as a low-to-middle income housing project.
[4] [5] Under this program, local jurisdictions acquired property by eminent domain and provided it to developers to develop housing for low- and middle-income tenants. Developers received tax abatements as long as they remained in the program, and low-interest mortgages, subsidized by the federal, state, or New York City government. They were ...
It was the first apartment development in the United States to receive federal funding. [3] The average cost of "Lung Block" to Knickerbocker Village was high: $3,116 million, or $14 per square foot. The development's tax assessment was reduced by two-thirds to bring the monthly room rental down to the $12.50 stipulated by the RFC.