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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)

Citation
United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)
Parent Document
United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)
Effective Date
1975-10-06

Other Sections in This Document (195)

Full Text

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Co-op City is a massive housing cooperative in New York City. Built between 1965 and 1971, it presently houses approximately 50,000 people on a 200-acre site containing 35 high-rise buildings and 236 town houses. The project was organized, financed, and constructed under the New York State Private Housing Finance Law, commonly known as the Mitchell-Lama Act, enacted to ameliorate a perceived crisis in the availability of decent low-income urban housing. In order to encourage pri*841vate developers to build low-cost cooperative housing, New York provides them with large long-term, lowinterést mortgage loans and substantial tax exemptions. Receipt of such benefits is conditioned on a willingness to have the State review virtually every step in the development of the cooperative. See N. Y. Priv. Hous. Fin. Law §§ 11-37, as amended (1962 and Supp. 1974-1975). The developer also must agree to operate the facility “on a nonprofit basis,” § 11-a (2a), and he may lease apartments only to people whose incomes fall below a certain level and who have been approved by the State.1