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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.
A partial list of housing cooperatives in New York City. Projects originally built as housing cooperatives ... Mitchell-Lama Housing Companies in New York State.
With 2702 units, it is the largest Mitchell-Lama co-op in Brooklyn. [ 2 ] [ 3 ] According to a 2014 article in The New Republic , Lindsay Park is the most ethnically diverse apartment complex in the United States, with an ethnic makeup that is 33.1 percent white, 31.1 percent East Asian, 30.3 percent Hispanic, and 4.3 percent African American.
The Mitchell-Lama program is a state initiative launched in 1955 to create affordable rental and cooperative housing for moderate- to middle-income families.
The newest building, the second of two 20-story towers, was occupied in 1971. The Amalgamated's sister co-op, Park Reservoir, located across several buildings in the blocks west of Jerome Park Reservoir, was New York's first Mitchell-Lama cooperative. As of 2024, it comprises an additional 273 units.
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]
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.
In return, the development must remain a limited-equity cooperative until 2022. Under the terms of agreements reached with the City of New York in 2002, and separately with the United States Department of Housing and Urban Development, Penn South's eligibility for tax abatements offered by Mitchell-Lama was extended to 2052. [36]