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Apartment buildings and multiple-family housing make up a more significant share of the housing stock in the New York City area than in most other U.S. cities as over 75% of apartment buildings in NYC are co-ops. Reasons suggested to explain why cooperatives are relatively more common than condominiums in the New York City area are: [38]
An American college dormitory room in 2002. A dormitory (originated from the Latin word dormitorium, [1] often abbreviated to dorm), also known as a hall of residence or a residence hall (often abbreviated to halls), is a building primarily providing sleeping and residential quarters for large numbers of people such as boarding school, high school, college or university students.
"Short stay" rentals are an offshoot of the corporate housing market, [2] and are also offered by private owners and investors via online platforms such as Airbnb. [1] Popular uses include vacation rental [2] and relocation. [3] This industry is seen as the most affordable option for month-long stays.
Workforce housing can refer to any form of housing, including ownership of single or multi-family homes, as well as occupation of rental units. Workforce housing is generally understood to mean affordable housing for households with earned income that is insufficient to secure quality housing in reasonable proximity to the workplace.
Non-profit housing developers build affordable housing for individuals under-served by the private market. The non-profit housing sector is composed of community development corporations (CDC) and national and regional non-profit housing organizations whose mission is to provide for the needy, the elderly, working households, and others that the private housing market does not adequately serve.
Housing Works Cafe and Bookstore in SoHo, New York City. Founded in 1994 and located in Soho on Crosby Street, the bookstore cafe [4] is a successful entrepreneurial business raising money to support the Housing Works mission. Run primarily by a team of specially-trained volunteers, the bookstore is funded entirely by donations, and resells ...
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