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Housing in New York takes a variety of forms, from single-family homes to apartment complexes. New York had a homeownership rate of 50.7% in 2017. [ 1 ] Issues related to housing in New York include homeownership , affordable housing , housing insecurity , zoning , and homelessness .
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.
Permanent, federally funded housing came into being in the United States as a part of Franklin Roosevelt's New Deal. Title II, Section 202 of the National Industrial Recovery Act, passed June 16, 1933, directed the Public Works Administration (PWA) to develop a program for the "construction, reconstruction, alteration, or repair under public regulation or control of low-cost housing and slum ...
See homebuying programs in your state on the U.S. Department of Housing and Urban Development’s site, or find local housing counseling agencies that offer assistance with homebuying. Your state ...
Funding increased again in the 1970s, following the Housing and Community Development Act of 1974, and led to the construction of 140 more units. This act also established Section 8 Rental Assistance, enabling low-income households to receive rental assistance while living in private apartments that meet HUD housing quality standards.
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 ...