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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 ...
Lindsay Park is a housing cooperative located in the East Williamsburg neighborhood of Brooklyn in New York City. The cooperative is part of the Mitchell-Lama Housing Program, through which the state of New York grants it tax exemptions to maintain affordability. [1] With 2702 units, it is the largest Mitchell-Lama co-op in Brooklyn.
The IG’s report, ‘An In-Depth Review of the Division of Housing and Community Renewal’s Oversight of the Mitchell-Lama Program,’ describes the results of an examination that revealed fundamental deficiencies in DHCR’s oversight of the Mitchell-Lama program during the period January 2003 to October 2006.
Amalgamated Towers (1969), 316 units (see "Amalgamated Housing Cooperative" above) Co-op City (1968–1971), Baychester area of the Bronx 15,382 units; Twin Pines Village (Starrett City) (1975), 5,881 units, southern Brooklyn; Mitchell-Lama Housing Program. Morningside Gardens (1957), Morningside Heights; Southbridge Towers (1969), Lower Manhattan
The Amalgamated Housing Cooperative is a limited-equity cooperative in New York City.Organized by the Amalgamated Clothing Workers (ACW), a Manhattan-based socialist labor union, the co-op's original cluster of Tudor-style buildings was erected at the southern edge of Van Cortlandt Park in 1927.
The audit sampled five Mitchell-Lama developments outside New York City. The Mitchell-Lama program is a state initiative launched in 1955 to create affordable rental and cooperative housing for ...
The project consisted of two 45-story residential towers at opposite ends of the block designed for middle- and upper-middle class rental tenants, with townhouses, shops, a health club and parking facility in the mid-block, financed with a $95 million mortgage by the City of New York under the New York State Mitchell-Lama Housing Program for ...
Funding for the 1199 Plaza came primarily from the New York State Mitchell-Lama Housing Program, however, federal and local funds were also acquired. [5] Women played an outsized role in the project's development. [5] It took four years to construct at a cost of $80 million. [4] The total area of the 1199 Plaza complex is 12 acres. [8]