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Directory of NYC Housing Programs

Article IV Limited Dividend Company (Article IV)

Article IV of the New York State Limited Dividend Company Act, authorized in 1927 subsidized, 22 owner-occupied middle-income developments with an additional 10,000 apartments. This precursor to the Mitchell-Lama program sought to encourage people in low-rent accomodations to invest their savings by forming a housing company (corporation) and to protect these investments against loss and ensure a fair return.

Program Information Help Icon

  • Supply/Demand: Supply
  • Category: Land and Financing
  • Scale: Very Large Scale (over 10,000 units)
  • Timeframe: Started 1927
  • Occupancy tenure: Homeownership
  • Construction Type: New Construction, Rehabilitation
  • Building Type: Multi-family
  • Developers/Owners: For-profit
  • Income Restrictions: Middle-income

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