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[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 ...
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.
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. Bronx River Houses is home to 3,025 ...
The New York State Housing Finance Agency (HFA) is a New York State public-benefit corporation created in 1960 to increase the supply of rental housing for low-income people by issuing bonds and providing low-interest mortgage loans to regulated housing companies. [1]
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