West Village Houses

They were championed by Jane Jacobs and intended to be built on a human scale in keeping with her ideals.

The houses are scattered in an area bounded by Morton, West, Bank and Washington Streets.

[4] In 2002 the owner of the property, the Island Capital Group, indicated that it might like to buy out of the Mitchell-Lama Program and convert the units to market rate.

In 2006 the Bloomberg administration worked out an arrangement to sell the units to the tenants via the Housing Development Fund Corporation which allowed tenants to buy their properties at below market rates, limit the amount of profit they could make on a resale, and enjoy a tax abatement for twelve years.

[3][5] As the date of the abatement expiration approached, developer Madison Equities offered to purchase the properties and redevelop them as high rises[6][7] but the tenants chose to convert the properties to market rate cooperatives and completed the transaction in June 2020.