Sentences with phrase «affordable rental housing for»

The Budget also includes $ 10.8 billion for the Project - Based Rental Assistance program, which supports 12 months of funding for rental assistance contracts with public and private owners who maintain affordable rental housing for 1.2 million families, and $ 6.45 billion in operating and capital subsidies to preserve affordable public housing for 1.1 million families.

However, Chapman cautioned, «Not every 55 + household is positioned to buy into such communities, so it's important that local jurisdictions plan to address the growing need for affordable rental housing for seniors as well.»

As part of the Tax Reform Act of 1986, the United States Congress created the Low Income Housing Tax Credit (LIHTC)(IRC Section 42) Program to promote the development of affordable rental housing for low - income individuals and families.

Those have been affordable rental housing for almost four years.

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.

«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.

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.

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...

«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).

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

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.

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.

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.

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.

«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.

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.

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)

The city has $ 98 million in contracts out with such building owners, who ironically are chipping away at the stock of affordable rental housing by repurposing their buildings for temporary quarters for the city's homeless.

Instead of large affordable housing complexes residents had pushed back against in the past, the supervisor also called for smaller rental housing developments no larger than 25 units scattered around the North Fork.

Some rentals were allotted for affordable housing, and the condos sold for between $ 1 million and $ 3 million.

Members of Brooklyn - based VOCAL - NY said the governor isn't doing enough to back up pledges made in recent years to spend billions of dollars for affordable housing, shelters and rental subsidies.

It would extend the length of the abatements from 25 years to 35 years, mandate that all rental projects receiving the subsidy include affordable housing in their project and, like de Blasio's proposal, gives developers three options for affordability.

The fate of the bill was put in their hands by Cuomo and legislative leaders after the governor insisted any deal had to include wage guarantees for labor - a position the governor still holds despite the fact that no deal has been reached and there are concerns about the development of affordable rental housing in New York City.

State Attorney Eric Schneiderman was to announce late Friday morning a pilot program that will make available to land banks statewide $ 4 million for New Yorkers to take over «zombie homes» in their neighborhoods and rehab them into affordable rental housing.

The agency offers safe, fixed rate mortgages; rental assistance for low - income families and individuals; and financing for the development of quality, affordable rental housing.

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.

Trudeau's plan includes a new, 10 - year investment in social housing, prioritizing affordable housing and seniors» facilities (including building more units and refurbishing existing units) as well as removing all GST for developers of new affordable rental housing projects.

By providing flexible, below market rate loans for affordable housing and mixed - use and / or mixed - income projects, LHOP makes housing for rental and homeownership affordable to low to moderate income families in south central PA..

In Colorado, over a quarter of the housing available is in the form of multi-family rental housing Effective Coverage, The Insurance Experts for Renters, provides Colorado Renters Insurance policies that are affordable and offer broad coverage.

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.

Ontario will also establish a program to identify provincially owned surplus lands for affordable and rental housing, with an eye to using a few specific sites such as the West Don Lands in Toronto for pilot projects.

The need for their altruism is real: According to the California Housing Partnership Corporation, Alameda and Contra Costa counties combined need 91,000 more affordable rental homes to meet the needs of our community.

Let me reiterate what I was trying to say in the earlier blog: Considering that housing is the number - one reason renters need to re-home their pets, and with rental housing increasing and affordable options decreasing, it ain't looking so good for renters with pets.

Whether you need a large Florida Beach House or a smaller more affordable Florida beach rental home, BeachHouseFL.com has the right vacation rental home by owner for your group.

Thirty years ago, the federal Low - Income Housing Tax Credit (LIHTC) program was established to serve as an incentive for private investment in affordable rental hHousing Tax Credit (LIHTC) program was established to serve as an incentive for private investment in affordable rental housinghousing.

An analysis by the National Low Income Housing Coalition estimates that there are only 22 affordable and available rental units for every 100 renters in Oregon with an income at or below 30 percent of the median family income.

Hummingbird Micro Homes builds tiny homes to live in, homes for nightly rentals, lake cabin tiny homes, sales centers, portable offices and tiny homes for affordable housing.

He recently represented a national affordable housing lender in connection with a $ 13 million loan for a 120 - unit senior housing U.S. Housing & Urban Development (HUD) Rental Assistance Demonstration (RAD) conversion transhousing lender in connection with a $ 13 million loan for a 120 - unit senior housing U.S. Housing & Urban Development (HUD) Rental Assistance Demonstration (RAD) conversion transhousing U.S. Housing & Urban Development (HUD) Rental Assistance Demonstration (RAD) conversion transHousing & Urban Development (HUD) Rental Assistance Demonstration (RAD) conversion transaction.

Metro Orlando, long considered an affordable housing market, has the nation's greatest shortage of rentals for extremely low - income tenants, a new study shows.

Nixon Peabody is mentioned in this article for working with Silver Street Development Corp. to leverage the federal Rental Assistance Demonstration (RAD) program to increase the number of affordable housing units in a New Jersey senior housing community.

An exclusion of the 3 % second home surcharge from affordable private rental housing would encourage the provision of affordable housing for lower paid workers.