Sentences with phrase «project affordable rental»

The $ 2.9 million project, which is being developed under the Governor's Small Project Affordable Rental Construction (SPARC) program, will have eight affordable units along with four storefront retail spaces and two retail / office spaces.

Not exact matches

In that project, at least 50 percent of the rentals and 20 percent of the condos would be affordable, but Crown Heights residents wouldn't be sold short.

The $ 73 million project is being funded under HPD's Extremely Low and Low Income Affordability (ELLA) program, which funds construction of rental projects affordable to households earning up to $ 48,960 for a household of three.

Rental projects continue to rise rapidly in Westchester, but developers are struggling to offer affordable rents for locals while also luring moneyed millennials

The project has faced significant opposition from residents who believe that new development should include 100 % affordable units, meaning those with rental caps based on income.

Supporters of affordable housing are concerned that Alma Realty's 2.2 million - square - foot Astoria Cove project will not contain enough rental units below market rates.

At least three projects with similar towers from other developers — all of them a mix of luxury and affordable rental apartments — are planned nearby.

The projects include JDS Development Group's 1,000 - foot tower at 247 Cherry St.; 62 ad 69 story towers from L+M Development Partners and the CIM Group at 260 South St.; and a 62 - story building by the Starrett Group at 259 Clinton St.. The rental buildings would add about 2,700 apartments to the area — 75 % market rate / 25 % affordable.

The new projects in the Two Bridges area include JDS Development Group's 1,000 - foot tower at 247 Cherry St.; 62 ad 69 story towers from L+M Development Partners and the CIM Group at 260 South St.; and a 62 - story building by the Starrett Group at 259 Clinton St.. The rental buildings would add about 2,700 apartments to the area — 75 % market rate / 25 % affordable.

It would extend the length of the abatements from 25 years to 35 years, mandate that all rental projects receiving the subsidy include affordable housing in their project and, like de Blasio's proposal, gives developers three options for affordability.

All those changes to the program, including the requirements that between 25 percent and 30 percent of new rental projects include «affordable» apartments, would not apply to projects that start construction before January.

Trudeau's plan includes a new, 10 - year investment in social housing, prioritizing affordable housing and seniors» facilities (including building more units and refurbishing existing units) as well as removing all GST for developers of new affordable rental housing projects.

By providing flexible, below market rate loans for affordable housing and mixed - use and / or mixed - income projects, LHOP makes housing for rental and homeownership affordable to low to moderate income families in south central PA..

Ontario will also establish a program to identify provincially owned surplus lands for affordable and rental housing, with an eye to using a few specific sites such as the West Don Lands in Toronto for pilot projects.

But with the MD280 — Blazona's latest largest project to date and his first to include a full kitchen and bath — an added and obvious bonus includes providing the general public with affordable, modern, efficient housing, especially when it comes to second homes and backyard rentals.

Affordable Housing practice group leader Stephen Wallace and Affordable Housing strategic policy advisor Deborah VanAmerongen are featured throughout this article highlighting Nixon Peabody's successful closing of the first four Rental Assistance Demonstration (RAD) Component 2 preservation projects using 20 - year Sec. 8 Project - Based Rental Assistance (PBRA) contracts in the nation.

Brave the arcane — but potentially lucrative — world of buying and selling affordable rental housing projects.

NAR is working with other groups to build support for the increase, which would make affordable rental project development feasible in high - cost areas such as San Francisco and New York.

The Foundation will focus its housing grants on research and projects that work with affordable home ownership or affordable home rental options that foster collaboration and the development of partnerships.

Rates and terms are competitive with the market, and this program offers the convenience and cost savings of a single source of financing for an affordable housing rental project.

I can tell you as an active fund manager in the nationwide preservation of affordable housing, the competition to acquire buildings most difficult to match is in the form of either investors who project spending little (if any) in capital improvements (to maximize cash flow) or those who plan to displace these affordable residents by petitioning to remove the rental restrictions and bring the apartment community back to market rental rate returns.

The Budget also includes $ 10.8 billion for the Project - Based Rental Assistance program, which supports 12 months of funding for rental assistance contracts with public and private owners who maintain affordable rental housing for 1.2 million families, and $ 6.45 billion in operating and capital subsidies to preserve affordable public housing for 1.1 million famRental Assistance program, which supports 12 months of funding for rental assistance contracts with public and private owners who maintain affordable rental housing for 1.2 million families, and $ 6.45 billion in operating and capital subsidies to preserve affordable public housing for 1.1 million famrental assistance contracts with public and private owners who maintain affordable rental housing for 1.2 million families, and $ 6.45 billion in operating and capital subsidies to preserve affordable public housing for 1.1 million famrental housing for 1.2 million families, and $ 6.45 billion in operating and capital subsidies to preserve affordable public housing for 1.1 million families.