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The Effect Of Title I Of The 1949 Federal Housing Act On New York City Cooperative And Condominium Conversion Plans, Steven C. Forest
The Effect Of Title I Of The 1949 Federal Housing Act On New York City Cooperative And Condominium Conversion Plans, Steven C. Forest
Fordham Urban Law Journal
In 1985, three Manhattan housing projects were in litigation to convert the units from rental to condominiums or cooperative ownership. However, each project's redevelopment agreement, consistent with Title I of the 1949 Federal Housing Act, required that "no change" be made without consent of the City Planning Commission and the Board of Estimates of the City. This Note analyzes whether the conversion of rental units built under Title I to ownership units constitutes a "change" as interpreted by the New York courts. The interpretation of the term "change" under the Title I redevelopment agreements will be analyzed from both the …