Tuesday, March 4, 2008

Birthplace of Hip Hop Music Preserved As A Landmark

Big yaaaaaaaay to all those that helped save the birthplace of Hip Hop.

Remember my previous feature asking for help HERE

Well it seems everybody's hard work to save the place has paid off.

The AP is reporting that the project apartment building 1520 Segwick Avenue, in the Bronx where it is said DJ Kool Herc pioneered this thing we call Hip Hop is now eligible to be listed on national and state registers of historic sites.

The building’s owner had planned to sell the structure to developer, Mark Karasick’s who planned to then eradicate the affordable housing units and instead renovate and sell the units as condos. However due to the Department of Housing Preservation and Development’s decision these plans have been put on hold.

The new owner hoped to abandon the Mitchell-Lama program, under which the previous owner received incentives such as low-rate mortgages and tax breaks in exchange for charging tenants low to moderate rents. Sen. Charles Schumer said the city rejected the proposed sale to a developer because current rents could not be sustained if the sale was executed.

“This building, which housed hip-hop’s founding father … is a New York treasure that must be preserved as a bastion of affordable housing,” Schumer said.

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