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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 ...
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 ...
Ocean Hill Apartments: Ocean Hill: 3 14 236 March 31, 1968: Ocean Hill-Brownsville: Ocean Hill-Brownsville: 5 4 1910: Palmetto Gardens: Bushwick: 1 6 115 March 31, 1977: Penn. Av. Rehab. 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 ...
The Amalgamated Housing Cooperative is a limited-equity cooperative in New York City.Organized by the Amalgamated Clothing Workers (ACW), a Manhattan-based socialist labor union, the co-op's original cluster of Tudor-style buildings was erected at the southern edge of Van Cortlandt Park in 1927.
Bronx River Houses is a low-income public housing project in the Soundview section of the Bronx, New York City.It consists of nine buildings with 1,260 apartments. Completed February 28, 1951, the 13.94-acre (5.64 ha) Bronx development is bordered by East 174th Street, Harrod, and Bronx River Avenues.
The Forest Houses are a housing project in Morrisania, Bronx. The project consists of fifteen buildings, 9, 10 and 14-stories tall with 1,350 apartment units. It covers a 17.72-acre expanse, and is bordered by East 163rd and East 166th Streets, and Trinity and Tinton Avenues. It is owned and managed by New York City Housing Authority (NYCHA). [1]
Combined, they have 871 units of various sizes, including one-bedroom and two-bedroom apartments. [ 2 ] [ 5 ] The towers became the tallest in the borough when completed, at 400 feet (120 m), although the 404 feet tall River Park Towers took the title just three years later. [ 6 ]
Co-op City (short for Cooperative City) is a cooperative housing development located in the northeast section of the borough of the Bronx in New York City.It is bounded by Interstate 95 to the southwest, west, and north and the Hutchinson River Parkway to the east and southeast, and is partially in the Baychester and Eastchester neighborhoods.