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History. The site the two towers occupy was originally a lot that hosted the Consolidated Edison Kips Bay Generating Station. The lot was one of three parcels purchased by Sheldon Solow (along with the former Consolidated Edison Waterside power plant on the east side of First Avenue from 38th to 41st streets) and was planned to be redeveloped as part of a seven-tower, $4 billion complex ...
The Beaux-Arts Apartments are a pair of apartment towers on 307 and 310 East 44th Street in the East Midtown and Turtle Bay neighborhoods of Manhattan in New York City. Designed by Raymond Hood and Kenneth Murchison, the Beaux-Arts Apartments were constructed between 1929 and 1930. The complex was originally designed with 640 apartments.
By 1961, only New York City and 18 of New York's 57 other counties had rent regulation. Mixed regulation (1962–1984) New York City and the state government began dual administration of rent regulation in 1962, and 75,000 expensive apartments were gradually deregulated by 1968.
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80/20 housing. In the United States, 80/20 housing is multifamily housing program that meets federal guidelines for tax-exempt financing. [1] As the United States continued to experience shortages in affordable housing, [2] the 1986 Tax Reform Act, responsible for the creation of the Low Income Housing Tax Credit (LIHTC), was the first step ...
While the expression "poor door" refers to separate entrances and lobbies, in practice, income-segregated buildings may also have "gyms, spas, elevators, rooftop gardens, storage areas, and playrooms" that only the high-income tenants can use. [2] The practice, which may also include trash and mail services or parking facilities, [3] has been ...
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