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List of New York City housing cooperatives; 0–9. 519 East 11th Street; L. Local Law 45 of 1976; T. The Tower at City Place
Under this law, the city of New York is able to sell buildings directly to tenant or community groups to provide low-income housing. Many HDFCs were created through a process of co-op conversion of a foreclosed, city-owned property. As of 2008, over 1,000 HDFC cooperatives have been developed in the city.
Credit unions based in New York (state) (12 P) Pages in category "Cooperatives based in New York (state)" The following 28 pages are in this category, out of 28 total.
Co-op city in the Bronx, a Mitchell–Lama development [1] The Mitchell–Lama Housing Program is a non-subsidy governmental housing guarantee in the state of New York. It was sponsored by New York State Senator MacNeil Mitchell and Assemblyman Alfred A. Lama and signed into law in 1955. [2] [3]
In addition, the income requirements were higher than for most New York City Housing Authority (NYCHA) housing units. Residents were given "shares" of their units as owners, but they were forbidden from selling them to anyone but NYCHA. The Forest Hills Houses were the first co-operative public low-income housing in the city.
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