Cuomo urged lawmakers to act in a special session so as not to «stall
affordable housing production for years to come.»
Pat Purcell, a member of UP4NYC and the executive director of the Great NY Laborers - Employers Cooperation & Education Trust with the Laborers, said Mr. de Blasio's plan «will not provide middle class wages to the workers employed on what will remain mostly taxpayer subsidized luxury housing, and it will not significantly increase
affordable housing production for New Yorkers who need it most.»
Not exact matches
On topic questions included whether the administration plans to increase low - income
affordable housing production, what actions are required
for the administration to count a unit of
housing as «preserved», whether
housing built with 421 (a) tax credits anywhere in the City should require
affordable units, how the de Blasio administration counts
housing underway at the end of the Bloomberg administration toward its goal, what was done in this
housing complex to «preserve» these units, whether units counted as «preserved» are always on a 30 year agreement, the annual average of 20,000 units created or preserved as set forth in the mayor's ten year goal of 200,000 such units and how money was spent on the 17,000 units created or preserved in 2014.
His highly - touted
affordable housing plan has focused on
production rather than preservation, produced units that will not be
affordable for too many low and moderate - income New Yorkers, and will unleash the forces of gentrification and displacement in marginal neighborhoods which will see an influx of market - rate
housing.
Up - front financing
for one or more of the following activities related to the
production of
affordable housing and mixed - income and / or mixed - use projects:
«The recently enacted omnibus contains some welcome increases that will help
affordable housing production,» says Scott Hoekman, senior vice president and chief credit officer
for Enterprise Community Investment, a non-profit based in Washington, D.C. that helps finance and build
affordable housing.
By requiring municipalities to permit multifamily development in zoning districts suitable
for such development, and by establishing a minimum density
for those developments,
housing production is increased and allows
for more
affordable units to be built.
These solutions must address incentives
for the
production of new
affordable and workforce
housing, the preservation of existing
housing (especially important
for meeting the needs of workforce
housing), reducing the cost of developing new
affordable housing, the efficient use of the growing inventory of single - family rental
housing and increased subsidies to low income and workforce
housing renter households.
«Preserving federal assistance
for the lowest income renters, protecting and expanding
housing production programs like the Low - Income Housing Tax Credit and the National Housing Trust Fund, and ensuring that low - and moderate - income first - time homebuyers have access to affordable, safe mortgages are clear ways to improve stability of families and our economy.
housing production programs like the Low - Income
Housing Tax Credit and the National Housing Trust Fund, and ensuring that low - and moderate - income first - time homebuyers have access to affordable, safe mortgages are clear ways to improve stability of families and our economy.
Housing Tax Credit and the National
Housing Trust Fund, and ensuring that low - and moderate - income first - time homebuyers have access to affordable, safe mortgages are clear ways to improve stability of families and our economy.
Housing Trust Fund, and ensuring that low - and moderate - income first - time homebuyers have access to
affordable, safe mortgages are clear ways to improve stability of families and our economy.»
But since then,
production has plummeted, leaving
affordable housing advocates wondering why — and if a revival of the market could help fill the desperate
housing need
for low - income families.