The West Village Houses are a collection of 42 walk-up buildings in New York City's West Village that contain 420 apartments. They were built with the support of New York City and New York State through its Mitchell-Lama Housing Program. They were championed by Jane Jacobs and intended to be built on a human scale in keeping with her ideals.
The houses are scattered in an area bounded by Morton, West, Bank and Washington Streets. In 1961, New York Mayor Wagner planned to redevelop that area with high rise housing. [1] West Village resident Jane Jacobs led an effort to stop that development in favor of the West Village Houses which were smaller-scale and preserved existing structures. [2] Perkins and Will designed the buildings. The effort to build the houses was finally approved in 1969, higher costs required a second approval in 1972 and then construction began. [3] Because of their long construction during a period of high inflation, when they were completed in 1975 common charges for prospective residents were high, they had difficulty finding residents and required further subsidy. [4]
In 2002 the owner of the property, the Island Capital Group, indicated that it might like to buy out of the Mitchell-Lama Program and convert the units to market rate. In 2006 the Bloomberg administration worked out an arrangement to sell the units to the tenants via the Housing Development Fund Corporation which allowed tenants to buy their properties at below market rates, limit the amount of profit they could make on a resale, and enjoy a tax abatement for twelve years. [3] [5] As the date of the abatement expiration approached, developer Madison Equities offered to purchase the properties and redevelop them as high rises [6] [7] but the tenants chose convert the properties to market rate cooperatives and completed the transaction in June 2020. It was the first conversion of Michell-Lama properties to market rate in New York. [8] [9]
A housing cooperative, or housing co-op, is a legal entity, usually a cooperative or a corporation, which owns real estate, consisting of one or more residential buildings; it is one type of housing tenure. Typically housing cooperatives are owned by shareholders but in some cases they can be owned by a non-profit organization. They are a distinctive form of home ownership that have many characteristics that differ from other residential arrangements such as single family home ownership, condominiums and renting.
Stuyvesant Town–Peter Cooper Village, sometimes shortened to StuyTown, is a large post–World War II private residential development on the east side of the New York City borough of Manhattan. The complex consists of 110 red brick apartment buildings on an 80-acre (32 ha) tract stretching from First Avenue to Avenue C, between 14th and 23rd Streets. Stuyvesant Town–Peter Cooper Village is split up into two parts: Stuyvesant Town, south of 20th Street, and Peter Cooper Village, north of 20th Street. Together, the two developments contain 11,250 apartments.
Subsidized housing is government sponsored economic assistance aimed towards alleviating housing costs and expenses for impoverished people with low to moderate incomes. In the United States, subsidized housing is often called "affordable housing". Forms of subsidies include direct housing subsidies, non-profit housing, public housing, rent supplements/vouchers, and some forms of co-operative and private sector housing. According to some sources, increasing access to housing may contribute to lower poverty rates.
The New York City Housing Authority (NYCHA) is a public development corporation which provides public housing in New York City, and is the largest public housing authority in North America. Created in 1934 as the first agency of its kind in the United States, it aims to provide decent, affordable housing for low- and moderate-income New Yorkers throughout the five boroughs of New York City. NYCHA also administers a citywide Section 8 Leased Housing Program in rental apartments. NYCHA developments include single and double family houses, apartment units, singular floors, and shared small building units, and commonly have large income disparities with their respective surrounding neighborhood or community. These developments, particularly those including large-scale apartment buildings, are often referred to in popular culture as "projects."
Single room occupancy is a form of housing that is typically aimed at residents with low or minimal incomes, or single adults who like a minimalist lifestyle, who rent small, furnished single rooms with a bed, chair, and sometimes a small desk. SRO units are rented out as permanent residence and/or primary residence to individuals, within a multi-tenant building where tenants share a kitchen, toilets or bathrooms. SRO units range from 7 to 13 square metres. In some instances, contemporary units may have a small refrigerator, microwave, or sink.
Starrett City is a housing development in the Spring Creek section of East New York, in Brooklyn, New York City. It is located on a peninsula on the north shore of Jamaica Bay, bounded by Fresh Creek to the west and Hendrix Creek to the east. Starrett City contains both residential and commercial buildings. The residential portion of the property contains eight "sections" in a towers in the park layout. The complex also contains a community and recreation center, as well as two schools.
Mixed use is a type of urban development, urban design, urban planning and/or a zoning classification that blends multiple uses, such as residential, commercial, cultural, institutional, or entertainment, into one space, where those functions are to some degree physically and functionally integrated, and that provides pedestrian connections. Mixed-use development may be applied to a single building, a block or neighborhood, or in zoning policy across an entire city or other administrative unit. These projects may be completed by a private developer, (quasi-) governmental agency, or a combination thereof. A mixed-use development may be a new construction, reuse of an existing building or brownfield site, or a combination.
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 Lama. It was signed into law in 1955 as The Limited-Profit Housing Companies Act.
Penn South, officially known as Mutual Redevelopment Houses and formerly Penn Station South, is a limited-equity housing cooperative development located between Eighth and Ninth Avenues and West 23rd and 29th Streets, in the Chelsea neighborhood of Manhattan in New York City. The complex has 2,820 units in ten 22-story buildings. Penn South is so named because of its location southwest of New York Penn Station.
Columbia Point, in the Dorchester neighborhood of Boston, Massachusetts, sits on a peninsula jutting out from the mainland of eastern Dorchester into the bay. Old Harbor Park is on the north side, adjacent to Old Harbor, part of Dorchester Bay. The peninsula is primarily occupied by Harbor Point, the University of Massachusetts Boston, the John F. Kennedy Presidential Library and Museum, the Edward M. Kennedy Institute for the United States Senate, and a complex at the former Bayside Expo Center, Boston College High School, and the Massachusetts Archives. The Boston Harborwalk follows the entire coastline.
Thor Equities is a real estate development, leasing and management firm, with headquarters in New York City, London and Mexico City. Thor Equities owns property in the United States, Canada, Europe, Russia, India and Latin America, including London's historic Burlington Arcade and the Palmer House Hilton. In New York City, Thor owns retail, office and residential properties on Fifth Avenue and Madison Avenue as well as in SoHo, Flatiron, the Meatpacking District, and Brooklyn including Coney Island. Thor also has investments in major U.S. cities including San Francisco's Union Square; Georgetown in Washington, D.C.; Robertson Boulevard in West Hollywood; Collins Avenue; Lincoln Road; Wynwood and the Design District in Miami. Thor offers investment vehicles for institutional investors through its Thor Urban Property Funds. Thor Equities also has several subsidiary companies including retail advisory and tenant representation firm Thor Retail Advisors.
In the United States, subsidized housing is administered by federal, state and local agencies to provide subsidized rental assistance for low-income households. Public housing is priced much below the market rate, allowing people to live in more convenient locations rather than move away from the city in search of lower rents. In most federally-funded rental assistance programs, the tenants' monthly rent is set at 30% of their household income. Now increasingly provided in a variety of settings and formats, originally public housing in the U.S. consisted primarily of one or more concentrated blocks of low-rise and/or high-rise apartment buildings. These complexes are operated by state and local housing authorities which are authorized and funded by the United States Department of Housing and Urban Development (HUD). In 2020, there were 1 million public housing units. In 2022, about 5.2 million American households that received some form of federal rental assistance.
The Clarksdale Housing Complex was a housing project located in Louisville, Kentucky directly east of downtown in the Phoenix Hill neighborhood.
The John Haynes Holmes Towers is a public housing project for low income residents of the Yorkville section of the Upper East Side located just south of the neighborhood's northern limit at 96th Street, in New York City, New York, United States. The neighboring Isaacs Houses and the Holmes Towers border East Harlem, which has the second highest concentration of public housing in the United States. The two public housing buildings, designed by Architects Eggers and Higgins, were completed in 1969, are 25 stories tall and contain 537 apartments. The project is located between 92nd and 93rd Streets from 1st Avenue to York Avenue and the FDR Drive.
3333 Broadway is a group of five apartment buildings ranging from 11 to 35 stories at Broadway between West 133rd and 135th Streets, in Manhattanville, Manhattan, New York City, United States. Completed in 1976, it was the largest residential structure in the United States. Together, the five buildings include 1,193 apartment units. The present manager of the property is the Urban American Management Corporation.
15 Hudson Yards is a residential skyscraper on Manhattan's West Side, completed in 2019. Located in Chelsea near Hell's Kitchen Penn Station area, the building is a part of the Hudson Yards project, a plan to redevelop the Metropolitan Transportation Authority's West Side Yards.
Laurence Gluck is an American New York-based real estate investor, landlord, and the founder of the real estate company Stellar Management.
45 Broad Street is a 68-story, 1,039-foot (317-meter) supertall residential skyscraper being constructed in the Financial District of Manhattan, New York City. The building will become Lower Manhattan's tallest residential tower. Excavation started in 2017, but as of 2020, construction is on hold.
Timbercreek Asset Management is a Canadian real estate company based in Toronto, Ontario. It has $7.5 billion in assets under management, through a number of affiliates, including one listed on the Toronto Stock Exchange. As of August 2016, it owned 200 multi-residential properties worth $3.5 billion, making it the fifth-largest landlord in Canada.
St. John's Terminal, also known as 550 Washington Street, is a building on Washington Street in the Hudson Square neighborhood of Manhattan in New York City. Designed by Edward A. Doughtery, it was built in 1934 by the New York Central Railroad as a terminus of the High Line, an elevated freight line along Manhattan's West Side used for transporting manufacturing-related goods. The terminal could accommodate 227 train cars. The three floors, measuring 205,000 square feet (19,000 m2) each, were the largest in New York City at the time of their construction.