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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 ...
HPD is currently in the midst of New York City Mayor Bill de Blasio's Housing New York initiative to create and preserve 300,000 units of affordable housing by 2026. By the end of 2021, the City of New York financed more than 200,000 affordable homes since 2014, breaking the all-time record previously set by former Mayor Ed Koch . [ 3 ]
7A was enacted in 1965. [7] Its use was uncommon until 1977, at which time payments to administrators became "sufficiently remunerative." In 1981, The New York Times cited that "city housing officials estimate that 300-some buildings" were in the program.
New York City's Department of Housing Preservation and Development filed court papers to kick a group of mostly Black and Hispanic tenants out of a city program that would allow them to become ...
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]
Airbnb, citing data from Apartment List, said vacancy rates for apartments in New York City have remained vir ... Airbnb asks NYC to reconsider regulations on short-term rentals. September 3, 2024 ...
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 ...
For instance, there are 13 commissioners on the New York City Planning Commission, [1] a commissioner who oversees the Administration for Children's Services, [2] and title of the head of the Law Department is called the Corporation Counsel, [3] but only heads of New York City departments with the title of commissioner are included in the list ...