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After a four-year lawsuit, the Greater New York Insurance Company, insurer for Seward Park Housing, lost their nonpayment case to the cooperative, and $18 million for the damages. After the insurer won a subsequent appeal, the insurer and coop settled in 2010 with the coop returning $3.25 million to the insurer. [8]
Most of those units would be aimed at what the developers and the city classify as "middle income" families: two-bedroom apartments, for example, would rent for about $3,200 a month, a rent considered affordable for a family of three making up to $128,000 a year, though the median household income in New York City as of the 2011-2015 American ...
UNITE HERE is a labor union in the United States and Canada with roughly 300,000 active members. [1] The union's members work predominantly in the hotel, food service, laundry, warehouse, and casino gaming industries.
The $475-a-month apartment cost Koch far less than the $1,200 a month it was worth at market rate at the time he lived there. (Rent-control laws place a ceiling on how much landlords can charge ...
In 1920, New York adopted the Emergency Rent Laws, which effectively charged the courts of New York State with their administration. [ 19 ] [ 20 ] [ 21 ] The rent laws were the result of a series of widespread rent strikes in New York City from 1918 to 1920 that had been sparked by a World War 1 housing shortage, and the subsequent land ...
Prices of Manhattan condos and co-ops rose at the end of 2023 for the first time in over a year, during a time when rates were at their highest levels in 23 years. But for many buyers, rates didn ...
The average cost of homeowners insurance is $1,759 per year for $250,000 in dwelling coverage. Your own rate will vary based on the amount of coverage you need, your home’s location and more ...
The federal government, through its Low-Income Housing Tax Credit program (which in 2012 paid for construction of 90% of all subsidized rental housing in the US), spends $6 billion per year to finance 50,000 low-income rental units annually, with median costs per unit for new construction (2011–2015) ranging from $126,000 in Texas to $326,000 ...
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related to: unite union cost per month apartment insurance rates in new york by year graph