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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 ...
Section 8 of the Housing Act of 1937 ( 42 U.S.C. § 1437f ), commonly known as Section 8, provides rental housing assistance to low-income households in the United States by paying private landlords on behalf of these tenants. Approximately 68% of this assistance benefits seniors, children, and individuals with disabilities. [1]
The housing shortage in New York is driven by a lack of housing supply. Home construction in New York City lags far behind other major American cities. [4] Since 2010, housing supply in New York City has increased by 4% while jobs have increased by 22%. [4] Restrictive zoning regulations are a key contributor to the undersupply of housing, as ...
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. Of the total 4.6 million units in the social housing ...
HFA’s subsidiary, the New York State Affordable Housing Corporation (AHC), was established in 1985 to promote homeownership by low- and moderate-income households. [6] [7] Using resources appropriated by the State Legislature, AHC awards grants to local governments, nonprofits and charitable organizations to subsidize the cost of newly ...
Breaking Ground, formerly Common Ground, [2] is a nonprofit social services organization in New York City whose goal is to create high-quality permanent and transitional housing for the homeless. Its philosophy holds that supportive housing costs substantially less than homeless shelters — and many times less than jail cells or hospital rooms ...
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