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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 ...
The State Housing Law of 1926 created the State Board of Housing. [5] [6] The law was reenacted in 1927 to create the Bureau of Housing. [7] Article XVIII on housing was added to the New York Constitution effective 1 January 1939. [8] The Division of Housing was continued in 1939 with the enactment of the Public Housing Law.
The New York State School Tax Relief Program (more commonly known as the STAR Program), or New York State Real Property Tax Law §425, [1] is a school tax rebate program offered in New York State aimed at reducing school district property taxes on the primary residences of New York residents. [2] In New York City, the STAR Program is a tax ...
East New York: 15 7 1,442 May 31, 1955: East New York City Line Houses: East New York: 33 3 63 March 31, 1976: Farragut Houses: Downtown Brooklyn: 10 13 and 14 1,390 April 30, 1952: Fenimore Houses: East Flatbush: 18 2 36 September 30, 1969: Fiorentino Houses: East New York: 8 4 160 October 31, 1971: Glenmore Plaza: Brownsville: 4 10, 18, and ...
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]
It was supported by the New York State Housing Finance Agency through public bonds issued by the state of New York, coupled with tax exemption. [6] Five out of the seven buildings were part of the Mitchell-Lama Housing Program until 2007. [3] It is the only Trump-branded building complex named by Fred Trump rather than his son Donald. [7]
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.
Borough, Block, and Lot (also called Borough/Block/Lot or BBL) is the parcel number system used to identify each unit of real estate in New York City for numerous city purposes. It consists of three numbers, separated by slashes: the borough , which is 1 digit; the block number, which is up to 5 digits; and the lot number, which is up to 4 digits.