Sentences with phrase «additional city subsidies»
They further point out that there is a separate billion - dollar fund set aside to address services growing neighborhoods will need when the new housing projects are built and that there are additional city subsidies that will be used to build additional affordable housing.
http://www.gothamgazette.com/ Not exact matches
In 2014, it tried to build a $ 6.5 billion headquarters on Manhattan's Far West Side, but ditched the plans after it failed to land $ 1 billion in additional subsidies from the city.
Without additional subsidies from the city, the land bank will go broke by the first quarter of 2021, said Katelyn Wright, executive director of the nonprofit organization.
It estimated the city would need to issue an additional $ 4.2 billion in subsidies to meet its goal of creating 80,000 new units of affordable housing.
Charters in New York City also will get $ 8 million in new rent subsidies — an increase from 20 percent to 30 percent — but a measure that would have provided additional funds for statewide building facilities was defeated.