Penn South
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Penn South, officially known as Mutual Redevelopment Houses and formerly Penn Station South, is a limited-equity housing cooperative development located between Eighth and Ninth Avenues and West 23rd
Penn South Building 7
The Penn South cooperative as seen from the Empire State Building
Penn South buildings along Ninth Avenue
Seen from 26th Street
The Mitchell–Lama Housing Program is a non-subsidy governmental housing guarantee in the state of New York that supports limited-profit rental and cooperative housing for moderate- and middle-income r
Penn South
…value to skyrocket. The city responded in 2001 by allowing the development's taxes to be calculated based on the cooperative's income, as is done with Mitchell-Lama housing. In return, the development was to remain a limited-equity cooperative until 2022. Under the terms of agreements reached with the City of New…
Co-op City in the Bronx, a Mitchell–Lama development