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	<title>Brooklyn Real Estate Q&#38;A and Info &#187; Brooklyn Mitchell Lama Coops</title>
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		<title>What is a Mitchell-Lama Cooperative?</title>
		<link>http://sellahomebrooklyn.com/blog1/2008/08/what-is-a-mitchell-lama-cooperative/</link>
		<comments>http://sellahomebrooklyn.com/blog1/2008/08/what-is-a-mitchell-lama-cooperative/#comments</comments>
		<pubDate>Thu, 07 Aug 2008 13:33:07 +0000</pubDate>
		<dc:creator>Elaine</dc:creator>
				<category><![CDATA[Info About Coops]]></category>
		<category><![CDATA[Info For Buyers]]></category>
		<category><![CDATA[Where to Live in Brooklyn]]></category>
		<category><![CDATA[Brooklyn Mitchell Lama Coops]]></category>
		<category><![CDATA[mitchell lama coops]]></category>

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		<description><![CDATA[Mitchell-Lama is a program that was developed back in 1955 to create affordable housing for moderate and middle income families.  There are 101 Mitchell-Lama developments in New York City with close to 46,000 affordable cooperative and rental apartments. A Mitchell-Lama development &#8230; <a class="more-link" href="http://sellahomebrooklyn.com/blog1/2008/08/what-is-a-mitchell-lama-cooperative/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>Mitchell-Lama is a program that was developed back in 1955 to create affordable housing for moderate and middle income families.  There are 101 Mitchell-Lama developments in New York City with close to 46,000 affordable cooperative and rental apartments.</p>
<p>A Mitchell-Lama development is either sponsored by the City of New York or the State of New York and may be Federally subsidized.   Whether a development is Federally funded or not, they all have eligibility requirements based on income, family size and the number of people that can occupy an apartment based on the number of bedrooms.</p>
<p>Mitchell-Lama Cooperatives have a Board of Directors like a typical co-op, however, the New York City Department of Housing Preservation and Development (HPD) has oversight over management issues and waiting lists.</p>
<p>To obtain one of these apartments, you have to put in an application, which then goes on a Waiting List.  Depending on the desirability and location of the development, and the size of the apartment you want, the waiting list can be several years long.   If you interested in obtaining an apartment in several different developments, you&#8217;ll have to fill out an application for each.  For more details on applying for a Mitchell-Lama Co-op, go to <a href="http://www.nyc.gov/html/hpd/html/apartment/mitchell-lama.shtml">HPD&#8217;s website</a>.</p>
<p>If you&#8217;re looking to make your first apartment purchase, but you&#8217;re finding most cooperatives to be out of your price range, a Mitchell-Lama Co-op might be a great alternative for you.  Here is a list of developments in Brooklyn that have open waiting list at the time of this writing.</p>
<p><strong>BENSONHURST</strong></p>
<p>Contello Towers 2<br />
2740 Cropsey Avenue,<br />
Brooklyn, NY 11214<br />
321 Apartments<br />
1, 2 and 3 Bedrooms Available</p>
<p><strong>CLINTON HILL</strong></p>
<p>Atlantic Terminal 1<br />
161 South Elliot Place<br />
Brooklyn, NY 11217<br />
200 Apartments<br />
Studios, 1, 2 and 3 Bedrooms Available</p>
<p>Atlantic Terminal 2<br />
415 Carlton Avenue,<br />
Brooklyn, NY 11238<br />
304 Apartments<br />
Studios, 1, 2 and 3 Bedrooms Availalbe</p>
<p>Ryerson Towers<br />
309 Lafayette AVenue<br />
Brooklyn, NY 11238<br />
326 Apartments<br />
1, 2 and 3 Bedrooms Available</p>
<p><strong>CONEY ISLAND</strong></p>
<p>Sam Burt Houses<br />
2675 West 36th Street<br />
Brooklyn, NY 11224<br />
146 Apartments<br />
1, 2 and 3 Bedroom Available</p>
<p><strong>CROWN HEIGHTS</strong></p>
<p>1185 Carroll Street,<br />
Brooklyn, NY 11225<br />
238 Apartments<br />
1, 2 and 3 Bedrooms Available</p>
<p><strong>SHEEPSHEAD BAY</strong></p>
<p>Kings Bay 1<br />
2520 Batchelder Street<br />
Brooklyn, NY 11235<br />
538 Apartments<br />
Studios, 1, 2 and 3 Bedrooms</p>
<p>Kings Bay 2<br />
2533 Batchelder Street<br />
Brooklyn, NY 11235<br />
356 Apartments<br />
Studios, 1, 2 and 3 Bedrooms</p>
<p><strong>WILLIAMSBURG</strong></p>
<p>114 North 5th Street,<br />
Brooklyn, NY 11211<br />
41 Apartments<br />
1, 2 and 3 Bedrooms</p>
<p>Happy Mitchell-Lama Cooperative hunting,</p>
<p><img src="/assets/signature.gif" alt="" /></p>
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