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East New York: Penn.-Wortman Avs. Houses: East New York: 3 8 and 16 336 September 30, 1972: Park Rock Rehab. Crown Heights: 9 4 134 February 28, 1986: Prospect Plaza: Ocean Hill: 4 12 and 15 368 June 30, 1974: Summer of 2014 First NYCHA development to be demolished Ralph Av. Rehab: Brownsville: 5 4 118 December 31, 1986: Red Hook East Houses ...
With no other options available, New York City applied for federal funds under the Section 8 program to re-purpose the project as deeply subsidized housing for poor and moderate-income families. Under Section 8, tenants would pay no more than 30% of their income for rent.
The main Section 8 program involves the voucher program. A voucher may be either "project-based"—where its use is limited to a specific apartment complex (public housing agencies (PHAs) may reserve up to 20% of its vouchers as such [11])—or "tenant-based", where the tenant is free to choose a unit in the private sector, is not limited to specific complexes, and may reside anywhere in the ...
It was supported by the New York State Housing Finance Agency through public bonds issued by the state of New York, coupled with tax exemption. [6] Five out of the seven buildings were part of the Mitchell-Lama Housing Program until 2007. [3] It is the only Trump-branded building complex named by Fred Trump rather than his son Donald. [7]
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]
Recent reports estimate that there are over 1 million rent-stabilized apartments in New York City. That means that almost half of the city's rental units are subject to rules that keep rents cheap.