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Non-profit housing developers build affordable housing for individuals under-served by the private market. The non-profit housing sector is composed of community development corporations (CDC) and national and regional non-profit housing organizations whose mission is to provide for the needy, the elderly, working households, and others that the private housing market does not adequately serve.
For example, a resident may receive 30, 60, or 90 days of assisted living or nursing care without an increased charge. Thereafter, residents would pay the market daily rate or a discounted daily rate, as determined by the CCRC, for all assisted living or nursing care required and face the risk of having to pay higher costs for needed care. [12]
Habitat for Humanity New York City and Westchester County (Habitat NYC and Westchester) was founded in 1984 as an independent affiliate, serving families across the five boroughs through home construction and preservation, beginning with their first build on the Lower East Side, during the first Jimmy & Rosalynn Carter Work Project. [14]
The Living Building Challenge is an international sustainable building certification program created in 2006. It is managed by the non-profit International Living Future Institute. [ 1 ] It is described by the Institute as a philosophy, advocacy tool and certification program that promotes the measurement of sustainability in the built ...
A community development corporation (CDC) is a not-for-profit organization incorporated to provide programs, offer services and engage in other activities that promote and support community development. CDCs usually serve a geographic location such as a neighborhood or a town. They often focus on serving lower-income residents or struggling ...
A construction contract is a mutual or legally binding agreement between two parties based on policies and conditions recorded in document form. The two parties involved are one or more property owners and one or more contractors.
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