Sentences with phrase «affordable housing rental»

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.

Finally, the federal budget includes a $ 208.3 million Affordable Rental Housing Innovation Fund, to be administered by the Canada Mortgage and Housing Corporation, specifically focused on construction of 4,000 new affordable housing rental units over five years.

Southold Town Supervisor Scott Russell is proposing to double the limits of the town's current zoning rules in order to increase affordable housing rental units across the North Fork.

Mount Vernon — The newly constructed La Porte Apartments located at 203 Gramatan Avenue is accepting applications for 159 affordable housing rental apartments in the city of Mt. Vernon.

Not exact matches

Real estate developers are under pressure in China to refurbish older properties for rental purposes to ease a supply shortage in the market for affordable housing, says Peter Churchouse of Portwood Capital.

Increasing short - term corporate rentals that go for above - market rent could make affordable permanent rental options in a pressurized housing market such as San Francisco's even more scarce.

In Staten Island — which is «still a pain in the ass to get to» — Douglaston is building affordable housing for seniors, and the developer is also building affordable rentals in the Bronx.

This money would have gone a long way to address housing affordability issues either through targeted investments in new affordable housing stock or perhaps through investments in boosting rental housing construction.

A lack of «quality, affordable rental housing, mixed - use development, and public transit» has led to young people from Long Island to move elsewhere, Bellone wrote.

Housing prices were lower — and more affordable, being brought back in line with their actual rental value.

It must overcome NIMBYism by increasing density and building more housing, especially more affordable rental housing.

MEDIA RELEASE For Immediate Release July 20, 2016 Clark government neglecting families and communities by ignoring affordable rental housing COQUITLAM — The Christy Clark government is ignoring a rental housing crisis that is getting worse by the day, hurting families and communities around British...

«People and families are scrambling to find affordable rental housing here in Coquitlam and across the Lower Mainland, and they aren't getting any leadership from Christy Clark,» said Horgan.

«People and families are scrambling to find affordable rental housing here in...

«Christy Clark has now called our housing market a «bubble» and finally admits there's a real affordability crisis for people and families, but her actions have done nothing to make the rental or purchase of a home more affordable,» Horgan said.

«People are finding more affordable alternatives as housing supply has increased, and rent control measures are helping to ensure rental prices remain predictable for tenants.»

Investments in affordable rental housing ($ 208 million over four years) and modular housing units for the homeless ($ 291 million over two years).

This small building maybe used as a rental unit of housing or as a place to work; it may also be properly regarded as an example of private sector affordable housing.

Britain fetishises home ownership, but the biggest problem is a lack of affordable rental homes and housing policy should be trying to address this.

New York City has a rental control system designed to prevent the wealthy from exploiting the poor (with mixed results) and many other places in the U.S. have affordable housing system that creates some stock of affordable priced, price controlled housing at the expense of developer who want to sell market priced housing.

The private housing market is not providing enough affordable rental housing.

The new Affordable New York Housing Program lets developers of rental apartment buildings off the hook for property taxes for 35 years.

New York State Homes and Community Renewal (HCR) joined Liberty Affordable Housing, Inc., CRM Rental Management and residents to celebrate the completion of the total rehabilitation and modernization of 100 Chenango Place, 144 affordable homes seniors in the Broome County city of BAffordable Housing, Inc., CRM Rental Management and residents to celebrate the completion of the total rehabilitation and modernization of 100 Chenango Place, 144 affordable homes seniors in the Broome County city of Baffordable homes seniors in the Broome County city of Binghamton.

The property, which was acquired by the Newburgh Community Land Bank in 2013, was renovated by a local architect and now provides three families with affordable rental housing.

With the tax break coming up for its four - year renewal in Albany, the administration has rolled out a proposal that would end the GEA and require affordable housing in rental buildings in the program citywide, while eliminating the exemption for condominiums.

The mayor is still missing a new version of the 421a building tax credit — the gas for his affordable housing engine — but the rule changes have potential to permanently change both the city's rental market and its physical terrain.

«So a neighbor is going to be able to go in at very low cost, apply for a grant, rehab a property and maintain it as affordable rental housing.

These programs will aggregate sites to develop affordable housing, including one - to four - family homeownership opportunities and up to 20 - unit rental buildings.

«It will result in the production of substantially more affordable rental housing that is critical to New York City's growth and future,» John Banks, president of the trade group, and chairman Rob Speyer said in a joint statement.

Mr. de Blasio unveiled his own proposal for the tax credit, which would end the exclusion area and require affordable housing in rental buildings in the program citywide, while eliminating the exemption for condominiums.

In an effort to create more affordable housing options in Southold Town, the Town Board passed a local law last Tuesday that would permit up to six «moderate income» rental units near village centers.

HCR's Rural and Urban Community Investment Fund supports retail, commercial or community facility components of mixed - use affordable housing developments in urban and rural communities statewide, as well as supporting preservation of existing affordable multi-family rental housing in rural areas of the State.

It also includes $ 125 million in credits to create and preserve affordable rental properties in New York State — which brought applause from Mayor Bill de Blasio, who has an ambitious plan to build and maintain 200,000 units of below - market housing citywide.

The measure was seen as being squarely aimed at Airbnb, the popular online portal for short - term rentals, while lawmakers in favor of the bill insist it is meant to bolster and preserve affordable housing in New York City.

«Airbnb has flouted the laws that protect affordable housing for years, and now with new legislation to further crack down on the proliferation of illegal short - term rentals, I urge Governor Cuomo to send a strong message that New York prioritizes hard working New York families by signing this bill into law,» Van Bramer said.

MPs have urged the government to work with local authorities to deliver affordable rental properties and says that local housing benefit levels should be reviewed to more closely reflect market rents.

Schneiderman is now announcing another $ 4 million in funding to help turn some abandoned properties into affordable rental housing.

NEW YORK CITY — Illegal hotel complaints increased 62 percent last year because short - term rental sites such as Airbnb are violating the law, hurting efforts to provide affordable housing and placing the safety of legal tenants at risk, elected officials said Tuesday during a marathon City Council hearing.

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.

«This growing trend (of short - term rentals) poses concerns for the City of New York — in particular, for our affordable housing stock and public safety,» the city's chief fiscal officer said in testimony he plans to submit before the City Council on Tuesday at a high - profile hearing on home - sharing.

Southold Town's Housing Advisory Commission has been thinking of ways to spend more than $ 400,000 the town has earmarked for affordable housing, but is «holding out» in case it's needed for a larger rental unit development, according to commission chair Rona Smith and government liaison officer Denis NonHousing Advisory Commission has been thinking of ways to spend more than $ 400,000 the town has earmarked for affordable housing, but is «holding out» in case it's needed for a larger rental unit development, according to commission chair Rona Smith and government liaison officer Denis Nonhousing, but is «holding out» in case it's needed for a larger rental unit development, according to commission chair Rona Smith and government liaison officer Denis Noncarrow.

Groups Urge Governor & Mayor to Negotiate New Agreement That Builds 15,000 Units of New Supportive Housing, Sets Aside 15,000 Others in New Affordable Housing Developments / Existing Rentals.

«The plan put forward by Mayor de Blasio will result in the creation of much more affordable and market rate, multi-family rental housing in New York City,» Steven Spinola, president of the Real Estate Board of New York, said in a statement.

Instead, the tax benefits would only go to rental construction, and provisions that allow buildings to have a separate entrance for affordable housing tenants — the so - called «poor door» — would be eliminated.

«Until we have a smart, effective tax abatement program that incentivizes affordable housing across market types, we'll see luxury condos being built in the hottest neighborhoods instead of the rental housing we so badly need,» spokesman Austin Finan said.

«In the absence of 421a, there is an even more urgent need for all stakeholders to work together and create a program to produce affordable rental housing for New York City.

Assemblywoman Crystal Peoples - Stokes said: Bellamy Commons is an adaptive reuse win - win for its tenants and the surrounding community as it includes 30 units of affordable rental housing, a museum, and the local offices of the NAACP.

The federal government sets 30 percent as the upper limit for housing that's deemed «affordable,» meaning more than a third of Buffalo's residents can't really afford the rental housing... (read more)

Without a program like 421 - a, one can't build multi-family rental housing with a significant below - market, or affordable, component on a scale necessary to address the City's needs,» said REBNY President John Banks, though he echoed Mr. LaBarbera's suggestion of a new system of some kind.

In recent years, it's courted controversy from critics in New York, who say the site depletes the city's affordable - housing stock and encourages rapacious entrepreneurs to convert long - term housing into more profitable short - term rentals.