Sentences with phrase «affordable apartments created»
In terms of forgiven taxes, the de Blasio administration estimates that its proposal would cut the subsidy per unit to less than $ 400,000, from nearly $ 600,000, and double the number of affordable apartments created under the program to 25,000, from 12,400, over the coming decade.
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In connecting travellers with available houses and apartments, it's created an affordable alternative to hotels that circumvents existing hospitality regulations.
In December, the Los Angeles City Council voted to create a permanent revenue stream for its affordable housing program by slapping a fee on new homes and apartments.
Empire State Development President, CEO & Commissioner Howard Zemsky said, «The Better Buffalo Fund was created to support vibrant, mixed - use communities like the Niagara Gateway Apartments, which brings a vacant building back to life to provide affordable housing on Buffalo's West Side.»
In 2016, HCR set a record for the third year in a row, financing the creation or preservation of more than 17,000 affordable homes and apartments, creating nearly 2,000 homeownership opportunities for first - time homebuyers, and was once again the # 1 affordable housing bond issuer in the nation with $ 2.8 billion issued.
At 6 p.m., NYC Councilwoman Laurie A. Cumbo is joined by city Housing Preservation and Development Commissioner Maria Torres - Springer to announce a plan to create nearly 600 affordable apartments at the Brooklyn Jewish Hospital Apartment Complex, 545 Prospect Place, Brooklyn.
She applauded the mayor's two years of rent freezes for tenants in regulated apartments and his recent update to his plan to create or preserve 200,000 affordable housing units by 2024 to cover more low - income individuals, but wants the city to go farther.
With the support of the Development Authority of the North Country, Beaver Meadow Apartments will help our efforts to provide affordable housing and create jobs here in the Watertown area.»
Commissioner of New York State Homes and Community Renewal RuthAnne Visnauskas said, «Vienna Senior Apartments will provide seniors who are often burdened by rising housing costs with an affordable option while strengthening the local economy and creating a more cohesive and diverse community in Rye.
It'll create 2,500 affordable apartments at a cost to New York City of $ 82 million each year.
Mayor de Blasio is celebrating what he says is a major milestone in his affordable housing plan: a record number of affordable apartments preserved, financed, or created over the last three years.
James S. Rubin, Commissioner / CEO of New York State Homes and Community Renewal said, «This investment in the renovation of Ohav Sholom Senior Apartments furthers Governor Andrew Cuomo's strong commitment to preserving and creating quality affordable housing in communities across New York State.
Watkins Glen, NY March 10, 2016 New York State Homes and Community Renewal (HCR) joined Two Plus Four Construction, SEPP Management Group, and partners to announce the opening of Watkins Glen School Apartments, a new 51 - apartment affordable development for seniors created through the redevelopment of the former Watkins Glen Middle School.
Rehabilitation Will Preserve 210 Affordable Senior Apartments, Create Approximately 175 Construction and Preserve Seven Permanent Jobs
He also added a dig of his own at the de Blasio administration's already - underway effort to construct new affordable housing at the development, a crucial part of the mayor's ambitious plan to create or preserve 200,000 below - market rate apartments.
«putting out a wider net» for property owners to create more affordable housing apartments in their homes or on their land.
Denis Noncarrow, the town's government liaison officer, said the changes would lead to «putting out a wider net» for property owners to create more affordable housing apartments in their homes or on their land.
Council Speaker Melissa Mark - Viverito announced a new compromise with Mayor Bill de Blasio that will allow his sweeping plans to create affordable housing across the city to go forward — but with even more requirements for developers to build below - market apartments.
Last year, Mayor de Blasio announced the City's aim to create and preserve 300,000 affordable apartments.
NDP: Introduce a green home energy program to help retrofit at least 50,000 homes and apartment buildings making them more efficient and lowering energy bills; create 365,000 affordable housing units across Canada; mandate the Canada Mortgage and Housing Corporation to provide grants and loans to construct at least 10,000 affordable and market rental units, with any revenues to be reinvested back into rental housing supports.
The modern Vista Oasis offers a fine selection of affordable studios and apartments with pleasant décor creating a certain tranquil ambiance perfect for your vacation!
For - profit developers have also used tax - exempt bond loans and 4 percent LIHTCs to create buildings that mix new affordable housing with luxury apartments, especially in high - rise developments like New York City.
Development costs are now too high for builders to create new apartments with relatively low rents without help from the government's affordable housing programs, and those programs have limits on how much new housing they can afford to build.