Where are
affordable housing units at greatest risk of expiring?
Greenland USA will be under pressure to meet a state - city deadline in 2025 to complete some 2,250
affordable housing units at Pacific Park.
In addition, 216 of
the affordable housing units at Kpone were allocated to the Ghana Police Service for completion.
Not exact matches
There's no one universal model for these policies, but they generally involve one of two things: a requirement that developers either make a certain percentage of their
housing units available
at below - market rates, or that has them pay a fee into a fund for
affordable housing.
De Blasio has worked effectively with developers to continue construction
at a robust pace while adding
affordable housing units.
Budget 2018 - 19 commits $ 1.6 billion (both operating and capital) to
housing investments over three years, including 19,000
affordable units, 5,000 new student
housing beds
at public post-secondary institutions, and 2,500 supportive
housing units.
Bklyner article on Borough President Adams expressing support for Edwin's Place, an eight story
affordable housing development with 125
units located
at 3 Livonia Avenue in Brownsville.
Other initiatives discussed from the Dec. 14th agenda included Brad Hoylman speaking about the negotiations in the NYS Senate regarding the IDC; Laurie Hardjowirigo gave the Voter Reform Committee Report; Nat Johnson gave the Environmental Committee Report by stressing what was learned
at the December 4 Future of Renewable Energy Forum; Erik Coler of
Affordable Housing recapped the year's achievements by saying this year 42
units had been re-stabilized and he was hoping next year to add 90 more.
At Pratt, he led many successful community - planning efforts, as well as campaigns to expand
affordable housing and create NYC's «inclusionary zoning» program, which requires developers seeking tax breaks to set aside 20 percent of their
units for low and moderate income families and pay a living wage to their service workers.
Under de Blasio, New York City is financing
affordable housing at a breakneck pace, creating or preserving over 24,500
units last year — more than any year on record — spending $ 1.1 billion, the most ever by the city in a single year, according to City Hall officials.
Last week, the group Sustainable Saratoga introduced a zoning amendment that would require new apartment developments to dedicate
at least 20 percent of
housing stock to «
affordable»
units.
Currently it mandates developers who build in rezoned areas of the city pick from one of three options for
affordable housing: 25 percent of their
units rented to those making, on average, 60 percent of the Area Median Income, 30 percent
at 80 percent of the AMI or 30 percent
at 120 percent.
Mr. Cuomo also refused to say if he considered Mr. de Blasio's ambitious plan to create or maintain 200,000
units of
affordable housing feasible, and said he did not know if he would speak
at a planned rally of building trades workers in Albany next week.
As the largest investment in New York State's
affordable housing stock in
at least 15 years,
House NY investments will keep thousands of low - and moderate - income Mitchell - Lama
units affordable for another 40 years.
HCR is in the second year of the $ 1 billion
House New York program, which creates thousands of new
units over five years, and is the largest investment in
affordable housing in
at least 15 years.
New big - ticket items include a $ 1.9 billion subsidy to make 10,000
units in the mayor's
affordable -
housing plan even cheaper, $ 300 million to renovate homeless shelters and $ 355 million for facade repairs
at city public -
housing developments.
As the largest investment in New York State's
affordable housing stock in
at least 15 years,
House NY will keep thousands of low - and moderate - income Mitchell - Lama
units affordable for another 40 years.
Any condo or co-op
unit valued
at more than $ 1.75 million would be subject to a new city «mansion tax,» the revenues of which would be dedicated to further
affordable housing construction and preservation.
The largest purely residential development last year was in West Farms
at 1932 Bryant Avenue, where the Association of New York Catholic Homes and Sav Enterprises are working on a $ 147 million 15 - story project with 319
affordable housing units.
The modified proposal sets aside 75 percent of the market's ground floor retail space for food - related businesses and also ensures the creation of 150
units of
affordable housing at Chelsea's Robert Fulton Houses.
This was followed by Bronx Commons, BFC Partners» $ 140 million
affordable housing project
at null, and Phipps Houses» $ 86.7 million
affordable housing project
at 600 East 156th Street with 174
units.
The Farmhouse will include a new indoor and outdoor training space, a teaching kitchen, a resource library, improved cold storage, two
affordable housing units, and offices, all located
at MAP's urban farm
at 387 Massachusetts Avenue.
Sanders» plan calls for increasing the National
Affordable Housing Trust fund to at least $ 5 billion a year «to construct, preserve and rehabilitate at least 3.5 million affordable housing units over the next deca
Affordable Housing Trust fund to at least $ 5 billion a year «to construct, preserve and rehabilitate at least 3.5 million affordable housing units over the next decade.
Housing Trust fund to
at least $ 5 billion a year «to construct, preserve and rehabilitate
at least 3.5 million
affordable housing units over the next deca
affordable housing units over the next decade.
housing units over the next decade.»
«The 120
units here
at Schoolhouse Terrace, built by Community Builders and the Yonkers MHA, became a reality thanks to the state's strong commitment to
affordable housing» said Senator Andrea Stewart - Cousins.
Located
at 260 West 153rd Street in Manhattan, this new seven - story development is named in honor of the current Chairman of HCCI and includes 50
units of
affordable housing, an onsite daycare center, and new community service office for HCCI.
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.
As part of
House New York, the state's largest investment in
affordable housing in
at least 15 years, Empire State Development's 35 Mitchell - Lama developments with 8,600 existing
units were transferred in 2013 to HCR.
Tax breaks
at One57 cost the city $ 65.6 million in property tax revenue, for instance, while creating just 66
affordable housing units in the Bronx, according to a recent report from the city's Independent Budget Office.
Units building as
affordable housing would have to remain
at those rents for 40 years.
Speaking Thursday
at the St. Patrick's Day Parade, de Blasio said the nonprofit had accomplished what it was created to do: Push through proposals such as universal pre-K and his zoning changes to help create and preserve 200,000
units of
affordable housing.
At St. John's Terminal, Westbrook Partners and Atlas Capital have agreed to set aside 500 of the 1,596
units as
affordable or supportive
housing.
The program also played into what de Blasio considers his biggest success yet in forcing developers to include
affordable housing; the 1,723 -
unit Astoria Cove project along the Queens waterfront, where 27 percent of the
units are to be available
at below market - rate rents.
The measure is meant to provide a certain amount of
units in a development are set aside
at below market rates as a means of preserving
affordable housing in New York City.
At the time, de Blasio and REBNY were pushing for a 421 - a revamp that would have required any building in the city that received the tax benefit to reserve some
units for
affordable housing, as opposed to simply imposing it in parts of the city.
NYC Council members ripped into Airbnb.com executives
at a contentious hearing, accusing the company of helping landlords transform
affordable housing units into illegal hotels.
The Cuomo administration announced $ 1.2 million in
affordable housing funds are available, a veritable drop in the bucket for a $ 10 billion program aimed
at expanding
affordable housing units by 2020.
New York City is moving to have developers build
at four sites, creating 10,000
units of
affordable housing in the next decade.
Also
at 10 a.m., Brooklyn Borough President Eric Adams unveils more than $ 2 million in Fiscal Year 2016 funds to construct and preserve hundreds of
affordable housing units across Brooklyn, Calvary Community Church, 1575 St. Johns Place, Brooklyn.
The mayor said he sympathizes with residents» concerns about gentrification, development and displacement but echoed his longstanding argument that there are two options: either «do nothing» and watch rents increase and people get displaced or «do something» and
at least create new
affordable units when developers build luxury
housing.
While many residents
at Tuesday night's Southold Town Board meeting agreed that having
affordable housing for the area's workers and retired population is important, others said they feared how a proposal to increase the number of
units allowed in an
affordable housing development will change the North Fork's rural character.
According to the study, East Harlem loses nearly 300
units of
affordable housing from rent protection and other regulations each year and that average costs for
housing are rising
at a fast clip.
The number of apartments allowed to be built on a one - acre property doubled from 6 per acre to 12 per acre — with a 24
unit cap on each development — last year when the Town Board approved Mr. Russell's proposed code change aimed
at encouraging
affordable housing.
This project is providing not just 134
units of
affordable housing, but high - quality, energy efficient homes for New Yorkers
at a range of income levels, from very low - income families to those middle income families who increasingly struggle to make ends meet.
HPD is tasked with fulfilling Mayor de Blasio's
Housing New York: A Five - Borough Ten - Year Plan to build and preserve 200,000
affordable units for New Yorkers
at the very lowest incomes to those in the middle class.
Located
at 821 East Brighton Avenue in Syracuse, Onondaga County, this
affordable housing preservation project is among the hundreds that form the foundation of the Governor's new, $ 10 billion
House NY 2020 program to create or preserve 100,000
affordable units over the next five years.
In April, the city opted to kick out roughly 200 homeless New Yorkers from a two - building emergency shelter on the Upper West Side, freeing up
at least 100
affordable housing units slated for low - income residents, as previously reported.
The city is vacating roughly 200 homeless New Yorkers from a two - building emergency shelter on the Upper West Side, freeing up
at least 100
affordable housing units slated for low - income residents, according to a report.
Meanwhile, a partially vacant building
at 552 W. 52nd St. that currently
houses the Police Athletic League's William Duncan Center will become a 13 - story building that
houses 110
affordable housing units for artist families and individuals, space for the PAL and an art gallery.
His duties in that job were varied, including coordinating he town's
affordable housing program, particularly the development of the The Cottages at Mattituck, a 22 - unit project built by the Long Island Housing Partn
housing program, particularly the development of the The Cottages
at Mattituck, a 22 -
unit project built by the Long Island
Housing Partn
Housing Partnership.
The Council also voted to allow Dunn Development to lease land
at the Queens Hospital Center to build 206
units of
affordable housing.