Sentences with phrase «affordable units»

The correspondence moves forward the possibility that developers will use more union labor on the construction of affordable units.

The measure would have raised income levels for eligibility for affordable units in market - rate developments.

Are you getting enough affordable units for the taxpayer?

With respect to developing new affordable units, it is difficult to keep up with demand.

Yet you can't do them now, even though they could create thousands of more affordable units.

At least two competing developers not only offered to pay the library more money, but several proposed to build affordable units on the site.

In the de Blasio administration, the department will also play a big role in the mayor's housing plan, to build or preserve 200,000 affordable units over the coming decade.

With no significant additions on the horizon, preserving the existing affordable units remains a crucial tactic to support affordable supply.

Fortunately, even the most affordable units feature Bluetooth integration for hands - free calling.

The program, which housing advocates see as a giveaway to developers, previously required developers to market affordable units to residents of the surrounding neighborhood before the rest of the city.

This proposal includes $ 10 billion for 100,000 permanent affordable units.

Just how affordable the units would be remains a matter of perception.

«Yes, we want to be in every neighborhood,» but notes that part of the plan is preserving current affordable units.

However we are noticing that smaller more affordable units tend to be increasing in demand during the current economic environment.

These new affordable units, office space and childcare center will improve the quality of life for residents.

They asked the mayor to do so by preventing the conversion of industrial areas to residential ones, as the mayor aims to build and preserve 200,000 affordable units over the next decade.

The reality, he added, is that more affordable units are likely to be in buildings with a greater share of renters.

The four decade - old credit, which offered relief from increased tax assessments on new construction, lapsed in January, imperiling the mayor's mission to construct some 80,000 new affordable units by 2024.

Arlington Heights» housing priorities through 2019 include creating more affordable senior housing and encouraging developers to include affordable units in new housing projects, according to a plan recently approved by village board members.

Ms. Been said that most permanently affordable units created through the program are likely to be those built via inclusionary zoning versus those that would require ongoing city, state or federal subsidies.

Oceanfront Maui vacation rentals at Hono Kai offer affordable units at Sugar Beach.

Below highlights notable programs with the greatest number of affordable units at risk:

Orselli told me he would seek new language in the guidelines that would «leave the door open» for building more affordable units if government subsidies can be identified.

Judi Kende, vice president and New York market leader at Enterprise Community Partners, urges the New York State Legislature to strengthen rent laws and provide enough funds for enforcement efforts, with the goal of preventing affordable units from leaving the rent stabilization system and curbing tenant harassment.

The city has proposed requiring 80/20 landlords to set aside affordable units for the homeless, as The Real Deal reported.

Mayor Bill de Blasio, however, was a supporter of the project — seeing it as a test case for his new mandatory inclusionary zoning policy, which requires developers to insert affordable units into new developments as a precondition for construction.

In August, Inwood Council member Ydanis Rodriguez shot down what would have been the first private application under MIH — a proposal by Washington Square Partners and Acadia Realty Trust to build a 355 - unit residential building with 178 affordable units on the site of a parking garage overlooking Fort Tryon Park.

• Bridge financing: helps preserve affordable units through a new LIHTC syndication and lets borrowers lock in borrowing costs up to two years prior to a LIHTC resyndication

It includes Zoning for Quality and Affordability, a push to raise building heights and lift parking requirements in order to facilitate the construction of more affordable and senior housing, and Mandatory Inclusionary Housing, which will rezone certain neighborhoods and require affordable units in some new construction.

His comments sparked complaints among some real estate insiders, who also said that de Blasio lacked a commitment to subsidize affordable units.

Meanwhile, revisions to the 421 - a program that have required the building of 20 percent as affordable units have not put enough of a dent in the housing crisis to justify the program, tenant groups believe, which means there is little middle ground for the mayor to stake out.

Mayor Bill de Blasio, however, was a supporter of the project — seeing it as a test case for his new mandatory inclusionary zoning policy, which requires developers to insert affordable units into developments receiving zoning bonuses as a precondition for construction.

Households in East Harlem's poorest zip code, 10035, earn an AMI of just $ 24,000, which critics say puts new affordable units out of reach.

Craig Gurian, a lawyer with the Anti-Discrimination Center, launched a lawsuit against the City in 2015, arguing the practice of keeping affordable units in housing lotteries for people from the local community worsens racial segregation, the New York Daily News reported.

While talk of rent control measures came up during election campaign, the government, including Municipal Affairs Minister Deron Bilous, say that in the current market, where rent levels have been plateauing, it makes more sense to put resources into making more affordable units available.

Only one CPC member, Michelle de la Uz, voted against the plan, echoing concerns from activists, local elected officials and residents that the armory will not include enough affordable units.

Presently, We have 36 studios and 5 work / live affordable units in downtown San Diego.

The MPI for affordable units increased by four points to 52 and the MPI rose two points to 56 in the for - sale sector.

«However, demand for affordable housing continues to rise while affordable units continue to decline on an annual basis,» Englund says.

Meanwhile, urgency is clearly building for some program that incentivizes the development of housing, especially affordable units.

Ms. Glen told the Council's Committee on Housing that several independent studies, including those done by Columbia University and the Citizens Budget Commission, showed that mandating real estate interests receiving the tax deduction to pay union rates would result in 30 percent fewer affordable units getting built.

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.

The bill has the same options for structuring affordable units, but allows developers to meet their targets by counting units in different locations.

But while everyone seems to be pointing fingers, and three high - profile projects have failed to yield a single affordable unit, there is precedence for the city's power players to take the reins in controversial negotiations.

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.

De Blasio has called for an end to 421a abatements for condos and proposed that projects receiving the benefit should be required to include affordable units within the specific building.

«We have taken hundreds of thousands of affordable units off the rent rolls and made them into luxury housing,» said Silver.

The developer will also build 114 off - site affordable units in Clinton Hill, for residents earning 80 percent and 125 percent of the area median income.