Formation of the Cooper Square Mutual Housing Association II Housing Development Fund Company (HDFC), Inc.

The MHA II was formed in April, 1995, for the following purpose:

  • in order to acquire the land and buildings from the City, the CLT or other grantors for its corporate purposes.
  • To convey all of the land portion of “the Project” to the CLT, and to lease back such land from the CLT on a long term basis, as reflected in the lease.
  • To lease dwelling accommodations in the Project to eligible persons and families of low income in accordance with HPD’s conveyancing documents and financing documents, and to issue such tenants proprietary leases.

Leave a Reply