About: Mitchell–Lama Housing Program

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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 Lama. It was signed into law in 1955 as The Limited-Profit Housing Companies Act (officially contained in the Private Housing Finance law, article II titled Limited-Profit Housing Companies and referring to not-for-profit corp., whereas article IV titled Limited Dividend Housing Companies refers to non-Mitchell–Lama affordable housing organized as business corp., partnerships or trusts from 1927 on).

Attributes	Values
rdfs:label	Mitchell–Lama Housing Program (en)
rdfs:comment	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 (officially contained in the Private Housing Finance law, article II titled Limited-Profit Housing Companies and referring to not-for-profit corp., whereas article IV titled Limited Dividend Housing Companies refers to non-Mitchell–Lama affordable housing organized as business corp., partnerships or trusts from 1927 on). (en)
foaf:depiction
dcterms:subject	Housing in New York (state) Public housing in the United States New York (state) law Rent regulation
Wikipage page ID	6777489 (xsd:integer)
Wikipage revision ID	1123985766 (xsd:integer)
Link from a Wikipage to another Wikipage	Mortgage loan Morningside Gardens Housing in New York (state) Apartment Riverside Park Community Tax abatement Morningside Heights Manhattan Steve Witkoff Subsidized housing Demutualization Eminent domain Housing Development Fund Corporation Housing cooperative Public housing in the United States Landlord Flip tax New York (state) law Rent regulation Affordable housing New York City New York State MacNeil Mitchell New York State legislature Housing co-operative Land use agreement Rent stabilization New York City Rent Guidelines Board New York Office of Rent Administration Alfred Lama dbr:New_York_State_Homes_and_Community_Renewal dbr:Division_of_Housing_and_Community_Renewal
Link from a Wikipage to an external page	https://web.archive.org/web/20061011232849/http:/www.dhcr.state.ny.us/ohm/pubs/html/mlhcar04id.htm http://www.comptroller.nyc.gov/bureaus/opm/reports/Feb18-04_Mitchell-Lama_Report.pdf
sameAs	Mitchell–Lama Housing Program Mitchell–Lama Housing Program
dbp:wikiPageUsesTemplate	dbt:Reflist dbt:Short_description dbt:Third-party
thumbnail	wiki-commons:Special:FilePath/Co-op_City_Hutch_River.jpg?width=300
has abstract	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 (officially contained in the Private Housing Finance law, article II titled Limited-Profit Housing Companies and referring to not-for-profit corp., whereas article IV titled Limited Dividend Housing Companies refers to non-Mitchell–Lama affordable housing organized as business corp., partnerships or trusts from 1927 on). The program's publicly stated purpose was the development and building of affordable housing, both rental and co-operatively owned, for middle-income residents. Under this program, local jurisdictions acquired property by eminent domain and provided it to developers to develop housing for low- and middle-income tenants. Developers received tax abatements as long as they remained in the program, and low-interest mortgages, subsidized by the federal, state, or New York City government. They were also guaranteed a 6% or, later, 7.5% return on investment each year. The program was based on the Morningside Gardens housing cooperative, a co-op in Manhattan's Morningside Heights neighborhood that was subsidized with tax money. The New York State Division of Housing and Community Renewal (DHCR), was merged with the New York State Housing Finance Administration in 2010 to create the agency. The new agency provided financing, maintenance and supervision of mortgages to developments as long as they remained in the Mitchell–Lama program. According to the New York State Homes and Community Renewal (formerly DHCR), "A total of 269 Mitchell-Lama developments with over 105,000 apartments were built under the program." (en)
prov:wasDerivedFrom	wikipedia-en:Mitchell–Lama_Housing_Program?oldid=1123985766&ns=0
page length (characters) of wiki page	10361 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Mitchell–Lama_Housing_Program
is Link from a Wikipage to another Wikipage of	Bridge Apartments Mitchell-Lama Housing Program Housing Development Fund Corporation Twin Parks Alan Grayson Mitchell-Lama Mitchell-Llama Mitchell Lama Mitchell lama
is Wikipage redirect of	Mitchell-Lama Housing Program Mitchell-Lama Mitchell-Llama Mitchell Lama Mitchell lama
is foaf:primaryTopic of	wikipedia-en:Mitchell–Lama_Housing_Program

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