Designated 11/21/2006
This building is the oldest extant urban project of the largest and most successful of the privately financed limited-dividend companies which attempted to address the problems of the nation’s working poor at the turn of the twentieth century. The company’s investors included many prominent New Yorkers, and they voluntarily agreed to limit their profits from the company in order to provide wage-earners with comfortable, safe, hygienic, well-maintained housing at market rates.