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#379 How Chelsea Became a Neighborhood

The Bowery Boys: New York City History

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Pensouth Cooperative

The project was clearly controversial because of its size and the fact that it would, you know, displace thousands of residents from their homes. The federal government gave 12 million dollars the i l g w got the land in 19 59. Despite the protests, it was leted. But about 600 of these families who had been here were allowed to move into these new buildings. They actually receive a tax abatement exchange for providing affordable apartments for moderate income residencs.

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