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The New York State Division of Housing and Community Renewal (DHCR) is an agency of the New York state government [1] responsible for administering housing and community development programs to promote affordable housing, community revitalization, and economic growth. Its primary functions include supervising rent regulations through the State ...
The New York State Housing Trust Fund Corporation (HTFC) is a subsidiary of the HFA that administers the Low Income Housing Trust Fund Program; the purpose of which is to grant or loan up to $40,000 per housing unit. The advance may be used to rehabilitate vacant or under-utilized residential property, or convert vacant non-residential property ...
Funds for SONYMA’s Mortgage Insurance Fund are generated from a portion of the state’s mortgage recording tax surcharge. It was created from the merger of DHCR and Nyhomes on 22 September 2010. See also. State of New York Mortgage Agency (SONYMA) New York State Housing Finance Agency (HFA) References "Housing Agencies 'Merge'", The Bond ...
According to the New York State Comptroller, housing costs went up 68% in the last decade. Housing accounts for roughly 40% of total household expenses in New York City, where many residents spend ...
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. It was signed into law in 1955 as The Limited-Profit Housing Companies Act (now officially contained in 1962 Private Housing Finance law ...
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