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Two of its buildings are in Westchester, Barker Terrace in Mount Kisco and Sunnyside Manor in Yonkers. The exterior of 2 Sunnyside Drive in Yonkers, (apartment building) photographed Dec. 8, 2023.
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 ...
The purchase price of a comparable unit in the co-op is typically much lower, however. With limited equity, the co-op has rules regarding pricing of shares when sold. The idea behind limited equity is to maintain affordable housing. A sub-set of the limited equity model is the no-equity model, which looks very much like renting, with a very low ...
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The Amalgamated Co-op was the first housing complex in the United States founded under limited equity rules—a model that would ultimately be used to develop more than 40,000 units of affordable, owner-occupied and self-governing apartment co-ops in Greater New York. [1]
Image from an early brochure promoting the Three Arrows Cooperative. Three Arrows Cooperative Society is a cooperative summer colony located in Putnam Valley, NY.It was founded in 1936 by members of the Young People's Socialist League, from whence its name and emblem derive. [1]
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