Sentences with phrase «affordable apartment projects»

Walters has several South Jersey communities under construction, including luxury single - family, multi-family developments, and affordable apartment projects.

Not exact matches

Samuel Tan, executive director at KGV International Property Consultants, said approvals for all new serviced apartments in Johor have been frozen since 2014 and existing projects were introducing more affordable properties at around 600,000 ringgit instead of 800,000 to 1 million ringgit.

The report compares several projects by the de Blasio administration to the Aspen, an early Bloomberg - era development and venture between Ms. Glen and L&M that included half market - rate apartments, and half that were affordable units at either 50 or 130 percent of the city's so - called area median income (currently about $ 86,000 for a family of three).

Between this impassioned and detailed description of all the affordable two - bedroom apartments Corey Johnson fought to build, and his discussion of the project on his website, who can deny that Corey Johnson and GFI are a force for good?

This is a project that truly reflects the needs of the community, providing affordable apartments for people at a range of income levels, with services to those who require them in order to remain stably housed.»

The project was an opportunity to develop 175 affordable apartments and we are disappointed the local Councilmember did not agree with us.

City neighborhood and development commissioner Paul Driscoll doesn't think there are any other housing projects like it in the city: a mix of market rate apartments with affordable apartments in one building.

The following month, Phipps Houses, one of the city's premiere affordable housing developers, withdrew its rezoning application to build a 209 - unit apartment building in Sunnyside, Queens, retreating after it became clear that local Council member Jimmy Van Bramer could not be convinced to support the project.

If built, the Family Community Life Center — a mixed - use project that has been in the planning stages for more than 25 years — would include an Olympic - size indoor swimming pool, a 25 - seat theater and media center, 24 - hour day care facilities, an indoor walking track, gymnasium, fitness center, classroom space, and 132 affordable apartment units intended as «workforce housing» for the area.

In the upscale neighborhoods where projects already had to include affordable apartments in order to get 421 - a breaks, now they'll need more.

It was unclear if there would be limits put in place on which condos can receive the abatements, which typically give 25 - year tax breaks in exchange for setting aside 20 percent of each project for affordable apartments.

The project would include 2,500 apartments, with 875 set aside for low - to middle - income tenants, though the affordable units weren't required under the deal reached with the previous administration.

City officials said they chose not to issue the bonds because the revenue from the market - rate apartments in the project is expected to finance the affordable housing units.

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.

The JDS project will contain 165 rent - regulated apartments out of 660, while 25 percent of apartments will be affordable in the L+M and CIM Group project.

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.

He has represented clients in the negotiation of agreements for a wide range of projects, including affordable housing, infrastructure, a high rise hotel, and apartments.

WNC, a national investor in community renewal and affordable housing projects, in partnership with USA Properties Fund, has announced the grand opening of Vintage at Snowberry Apartment Homes.

«Today's affordable housing is comprised of new and upgraded garden apartments and high - rises; amenity - laden developments that look nothing like «projects» of the past,» he says.

Now the county is making a concerted effort to colocate affordable housing with public facilities after participating in its first such project — a library and a senior apartment building called the Bonifant at Silver Spring.

NEW JERSEY — Walters Homes has broken ground on Laurel Oaks, a new affordable apartment community in Barnegat, N.J. Situated between Barnegat Blvd. and Rose Hill Road, the mid-rise multifamily project will include 94...

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.