Sentences with phrase «affordable rental construction»

Information for developers on financing for affordable rental construction and rehabilitation.

The $ 2.9 million project, which is being developed under the Governor's Small Project Affordable Rental Construction (SPARC) program, will have eight affordable units along with four storefront retail spaces and two retail / office spaces.

Not exact matches

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.

The $ 73 million project is being funded under HPD's Extremely Low and Low Income Affordability (ELLA) program, which funds construction of rental projects affordable to households earning up to $ 48,960 for a household of three.

Tuesday's groundbreaking marked the start of construction on three multifamily rental buildings with 138 affordable apartments in the Bronx called The Grand.

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.

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.

It will involve the new construction of 11 buildings and the rehabilitation of 14 existing one and two - family houses to create a total of 49 units of affordable rental housing for low income individuals and families.

Liberals: Start a new, 10 - year investment in social housing infrastructure, prioritizing affordable housing and seniors» facilities (including building more units and refurbishing existing units); encourage the construction of new rental housing by removing all GST on new capital investments in affordable rental housing; loosening the existing qualification rules for the Home Buyers» Plan to allow more Canadians affected by sudden and significant life changes to access their RRSP savings for a down payment; review escalating home prices in high - priced markets, including Toronto and Vancouver, and review all policy tools that could keep homeownership within reach for more Canadians.

→ encourage the construction of new rental housing by removing all GST on new capital investments in affordable rental housing

With that money, Seattle will fund emergency rental assistance, loans to first - time home buyers and the construction of housing units that must remain affordable for at least 50 years.

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 fAffordable 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 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 faffordable housing rental units over five rental units over five years.

This article discusses the recent tax bill cleared by Congress, which makes the Low - Income Housing Tax Credit more generous and easier to finance the construction of affordable rental housing.

The proposed cuts to public housing and rental assistance programs compound the impact on developments seeking to serve the lowest income households,» says Steve LeClere, J.D., senior manager of the Tidwell Group, an accounting and consulting firm that specializes in affordable housing, construction and real estate.

MHDC, which provides financing directly to developers of affordable rental properties, will use the $ 15 million in funding from U.S. Bank for the construction of: