Sentences with phrase «affordable units in»

The report found a significant drop in the percentage of affordable units in seven of the nine states where Freddie Mac financed the most rental units.

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.

Since 2003, when Mayor Bloomberg's New Housing Marketplace Plan was launched, the HDC has raised more than $ 6.7 billion in financing and contributed in excess of $ 1 billion in subsidy from corporate reserves for the creation or preservation of more than 60,000 affordable units in privately owned and managed multifamily affordable housing developments.

Government programs such as Projek Perumahan 1Malaysia or PR1MA are being rolled out to create more affordable units in the market.

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

Three weeks ago, De Blasio and the Real Estate Board of New York agreed on a proposal that would extend the program while demanding that developers set aside a percentage of affordable units in buildings that receive the benefit.

The new development would fall under the city's new Mandatory Inclusionary Housing program, which requires developers to include a portion of affordable units in some new construction.

Members said the rezoning plan is the first that has come before the community board since the approval of the city's Mandatory Inclusionary Housing plan, which requires developers to include a portion of affordable units in some new construction.

Mandatory Inclusionary Housing would require developers to build affordable units in projects that benefit from city rezonings.

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.

The final plan was approved by the City Council last year after tense closed - door negotiations between elected officials, and includes reconstruction of the Brooklyn Heights Library, a new library for DUMBO and Vinegar Hill, 114 new affordable units in Clinton Hill and a new STEM lab for District 13 students.

Ethics questions swirl around an «insider» getting one of 682 affordable units in this luxe West 45th Street development.

And the relative success of the programs in those cities seemed to deliver numbers far smaller than Mr. de Blasio needs for his plan, which calls for the creation or maintenance of 200,000 affordable units in 10 years, to succeed.

To date, the biggest real estate battle Astorino has picked is with the U.S. Department of Housing and Urban Development, refusing to use $ 5.2 million the agency allocated to help him fulfill a federal mandate to build 750 affordable units in more affluent Westchester areas by 2016.

Cuomo announced he will advance legislation codifying into state law an agreement between organized labor and developers on a lucrative tax incentive program for developments that include a certain percentage of affordable units in New York City.

Referring to the 70,000 people who applied for 38 affordable units in Williamsburg in December, Nyman said that the city is at risk of becoming «a gated community.»

Bronx Borough President Ruben Diaz Jr. announced today that his office has allocated more than $ 7 million in capital funds for 10 housing developments across The Bronx, creating more than 1,500 new affordable units in neighborhoods across the borough.

Surrounded by a phalanx of supportive fellow City Council members and activists from the Real Affordability for All coalition outside City Hall today, Council Member Costa Constantinides called for more affordable units in the proposed 8.7 - acre, 1,723 - unit Astoria Cove rezoning that reached the Council last week following its approval by the City Planning Commission.

While many of the details of the plan were vague or left to be determined, City Hall intends to focus extensively on mandatory inclusive zoning, which forces developers to build affordable units in new developments — but officials said that the proportions would be determined on a zone - by - zone basis over the years to come.

Not exact matches

This lack of suitable housing led to the creation of the Alley Dwelling Authority in 1934, a federal housing agency that built affordable and sanitary housing units.

Launched in 1973 as a plastic injection molder with six employees, Cascade Engineering has blossomed into a diversified manufacturer with 15 business units and a product line that includes waste containers, auto parts, and furniture components — and, more recently, wind turbines, solar panels, and affordable water filters for the developing world.

In 2016, her team financed the construction and rehabilitation of 14,000 affordable housing units for low - income families and seniors in over 90 US citieIn 2016, her team financed the construction and rehabilitation of 14,000 affordable housing units for low - income families and seniors in over 90 US citiein over 90 US cities.

In addition, Burns created a $ 50 million predevelopment / acquisition fund, and works closely with partner organizations, with whom he's underwritten funding for eight affordable housing complexes, with 1,320 units.

«There's a lot of literature that shows a lot of the time these fees don't result in a ton of units and that it's not the best way to address the affordable housing crisis.

The two policies can be hard to distinguish: In LA, developers can dodge fees by providing affordable units.

In the government's press release about BCHP, they highlighted their $ 855 million commitment to build 4,900 desperately needed units of affordable housing.

Seattle's goal is to raise $ 75 million from taxes, three - fourths of which will be used to build 1,800 affordable housing units in the city.

Whereas bitcoin has struggled with mainstream adoption as a unit of transaction, Litecoin appears to be making faster progress in terms of transaction speed and affordable fees.

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

Additionally, it will provide two affordable housing units in the heated SF housing market.

A Special Fund of INR 2,000 crore has been set up in NABARD to make available affordable credit to agro processing units in the designated food parks,» she said.

Those affordable units would be identical to the others, and buyers would have to limit resale prices to keep the apartments affordable in the future, officials said.

Since then, we've had 6 straight years of IDC - Republican control of the Senate; that's 6 budgets where thousands were held unjustly in pre-trial confinement, nearly a hundred thousand units of affordable housing were lost, and millions of kids attended underfunded schools.

In addition, 216 of the affordable housing units at Kpone were allocated to the Ghana Police Service for completion.

Two real estate developers hired the law firm to represent them in tax challenge cases in return for Silver allegedly backing the renewal of state tax incentives for developers of large housing projects that include affordable units, according to federal charges.

New York Post article on Borough President Adams joining Mayor de Blasio in announcing the City's initiative to create or preserve 300,000 affordable housing units by 2026, which he praised as critical to keeping Brooklyn affordable for all.

The plan makes housing accessible and combats homelessness by building or preserving more than 100,000 units of affordable housing — enough to house every resident in the City of Buffalo.

Curbed article on Borough President Adams applauding the announcement of Chestnut Commons, a new 274 - unit Passive House affordable housing development in East New York.

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.

CityLand article on BP Adams recommending the approval of a land use application for the construction of 251 affordable units above a revamped local vendor market and community facility in Flatbush.

He has called on the city to create 5000 units of affordable housing, with 1000 designated specifically for seniors, in both Inwood and Washington Heights.

The substantial rehabilitation of the building will result in 52 apartments, including 43 affordable and nine market - rate units for seniors and physically - handicapped persons.

In Albany, Cuomo touted his own affordable housing plan, which will dedicate $ 10 billion to the creation of 100,000 new affordable housing units statewide over the next five years.

Since 2011, in The Bronx HCR has financed 13,794 apartments in affordable multifamily developments — including 790 supportive units — with more than $ 982 million in HCR resources which have leveraged more than $ 3 billion in other private and public sources.

Manhattan Borough President Gale Brewer said the city must make modifications to the plan to gain her support, such as the addition of «significantly more new affordable units,» a delay in the rezoning of the commercial district, and $ 7.5 in funding for anti-displacement programs.

The team effort of the City of Buffalo, Governor Cuomo's team and HCR and ESD, Regions Bank, JPMorgan Chase Bank and CPC has allowed for the development and repurposing of the building into 53 affordable rental units being made available to Buffalo and Erie County families, including eight units for incoming international refugee families looking for a new start in Buffalo.»

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.

Under Governor Cuomo's leadership, the state is continuing to make access to affordable housing a priority, and with 72 new units this is an important step forward in that goal.»

The company, after negotiations with local Council Member Letitia James, agreed to include 90 affordable units, more than the usual 20 % allowance in such projects.

Take the recent battle in Albany over the expiration of rent regulation and 421a, which gives tax breaks in exchange for allocating some units as affordable housing.