Not exact matches
The Deputy Head of Macroeconomic Research
Unit, Ministry of Finance, Dr. Millicent deGraft - Johnson who spoke
on the governments short to medium - term development programme said it was aimed at providing opportunities for growth and job creation through the private sector, and had developed concrete reform actions to tackle key challenges to private investment such as ensuring macroeconomic stability and debt sustainability, improving the ease of doing business and enhancing access to
affordable and long - term financing and de-risking instruments.
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.
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.
Meanwhile de Blasio campaigned
on record lows
on crime, expanding free pre-K and increasing the number of
affordable housing
units across the city.»
He is the only one who will raise taxes
on the wealthy to fund universal pre-k and after - school programs that keep our kids safe; the only one who supports the full package of reforms to end a stop - and - frisk era defined by racial profiling; and he has the boldest plan to build or preserve nearly 200,000
units of
affordable housing.
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.
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.
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.
A 12 - story
affordable housing complex in East Harlem is one step closer to completion, as construction
on Acacia Gardens, a 179 -
unit building created by the Acacia Network, has ended the structural phase.
Mr. de Blasio, in pursuit of his goal to build or preserve 200,000
units of
affordable housing in a decade, wanted Albany to renew the tax credit but require all developers getting it to build
affordable housing, no matter where their development was, and also wanted the program to include a mansion tax
on sales of residences worth $ 1.75 million or more.
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.
NIAGARA FALLS, NY -
On May 12, 2015, Governor Andrew Cuomo announced that the adaptive reuse of the former South Junior High School in Niagara Falls (561 Portage Road) into a 61 -
unit mixed - income
affordable housing development is moving forward with a $ 6.4 million award from New York State Housing and Community Renewal.
Based
on his
affordable housing credentials and his apparent commitment to getting more low and middle income
units built in central Brooklyn, Mr. Williams won the endorsement of the Working Families Party, which will presumably wage an intensive street effort to get their man into office.
«We also must tell Albany that they have got to stop the hemorrhaging of
affordable housing
units in New York State and we have to cut off the spigot of those who just go to Albany and serve the developer
unit and then come back home and talk about the crisis that's been going
on,» she said.
Mr. de Blasio said he was not worried about an immediate impact
on his ambitious
affordable housing plan, which has seen 41,000
units financed and secured over two years.
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.
The company is planning a 289 -
unit affordable housing project with MBD Community Housing
on the site that will also feature a charter school, supermarket, medical facility and community space.
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 new project is expected to provide 600
units of permanent
affordable housing
on Manhattan's Far West Side.
The newest
affordable housing complex in the city is now open for residents, as sponsor Regan Development Corp. completed its $ 17.3 million makeover of the former Buffalo Milk Co. building
on the West Side into new residential
units.
Some of Dinkins» accomplishments include creating the city's Economic Development Corporation, launching the «Safe City, Safe Streets» initiative, which many credit with putting New York City
on the path toward its recent record crime lows and building many
units of
affordable housing.
He's reduced taxes and debt twice, continued to make water quality a signature issue, and addressed his long - standing concerns over the lack of
affordable housing
on the East End by working with developer Georgica Green Ventures and community members to gain town board approval for a 38 -
unit workforce housing project in Speonk.
The $ 145.3 billion spending plan increases school aid next year by just under $ 1 billion (which school boards say is not enough) and over the next five years commits to build thousands of
units of
affordable housing for the homeless, contribute $ 8.3 billion to the Metropolitan Transportation Authority, spend $ 22 billion
on upstate roads and bridges, cut taxes for small businesses and create a rebate for Thruway toll payers.
The $ 10 billion HouseNY 2020 plan boosts state spending
on housing programs by nearly $ 5 billion and will create and preserve 100,000
affordable housing
units across the state, along with supporting services for New Yorkers seeking
affordable housing.
Following the tour, Sanders» campaign released his
affordable housing agenda that looks to increase federal spending
on repairing aging public housing
units and expanding counseling programs for first - time homebuyers and those facing foreclosure.
The plan would also aid Mayor de Blasio's goal to add or hold
on to 200,000
units of
affordable housing, Adams told the New York Daily News.
The prior two rounds created more than 600
units of
affordable housing
on 81 lots, according to HPD.
Highlights in this year's capital budget include $ 500,000 to New Destiny Housing to build
units for survivors of domestic violence and $ 750,000 for Second Farms
Affordable Housing, a project focused
on finding quality housing for the formerly homeless in partnership with Catholic Charities.
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 201
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 201
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 201
on the 17,000
units created or preserved in 2014.
Sanders also called
on local governments to «demand more» from developers who receive government subsidies, saying
affordable housing
units should not return to market value rents after 10 to 20 years as is often done.
And his company, Elevation Financial Group, focuses
on remodeling and investing in
affordable and senior housing
units.
De Blasio has delivered
on several of his big first term promises — expanding prekindergarten, raising the city's minimum wage, and building new
affordable - housing
units.
The
on - topic and off - topic questions in the Q&A portion of the press conference included: the project status when de Blasio took office and how his approach to
affordable housing differs from Mayor Bloomberg, whether there are any differences in Phase I of the project as being initiated now versus as approved by the Bloomberg administration, what he sees as a realistic percentage of
units being «
affordable» in projects located closer to or in Manhattan, whether he counts this project towards his goal of 200,000
affordable units, the NYPD officer recently arrested in India, the status of speed camera approvals from Albany, the FOIL delays and responses which did not produce any emails or documents in the Findlayter case, the NYPD / FDNY hockey brawl, Queens Library President Thomas Galante and the newly elected leadership of NYSUT (the state teachers union).
Alicia Glen, his deputy mayor for housing and economic development, said
on Monday that a mandated prevailing wage would cost the city 17,000
affordable units through the 421 - a program.
On the other hand, his ambitious plan to build 80,000 affordable units, preserve 120,000 affordable units, and foster the development of 160,000 market - rate units depends on the cooperation of the real estate industr
On the other hand, his ambitious plan to build 80,000
affordable units, preserve 120,000
affordable units, and foster the development of 160,000 market - rate
units depends
on the cooperation of the real estate industr
on the cooperation of the real estate industry.
«We are reviewing the arguments over whether all
affordable units should be
on - site, whether an off - site option should be allowed, and whether the certificate program that was shut down should be reinvented.
Plans to develop nearly 3,000
units of
affordable housing across New York have been put in jeopardy because Cuomo and legislative leaders failed to reach an agreement
on how to spend $ 2 billion they put in the budget this year for new housing, advocates charged.
Cuomo spokesman Rich Azzopardi did not comment
on the protesters» legislative asks, but disputed their depiction of Cuomo's tenure, saying the governor has put forth «an aggressive» $ 20 billion, five - year
affordable housing plan, worked to enhance rent laws and created a Tenant Protection
Unit.
Also unclear: The fate of $ 2 billion to spend
on 100,000
units of
affordable and supportive housing in this year's budget, which was agreed to
on April 1, but without the details spelled out.
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.
The project has faced significant opposition from residents who believe that new development should include 100 %
affordable units, meaning those with rental caps based
on income.
The
affordable housing project
on Elm Street, is in reality so expensive that half of the
units have not been sold.
It will also make it harder for the mayor to deliver
on a key promise, his plan to build or preserve 200,000
units of
affordable housing in 10 years.
The correspondence moves forward the possibility that developers will use more union labor
on the construction of
affordable units.
Separately,
on de Blasio's citywide zoning changes before the council to mandate below - market - rate housing, she said that she «definitely» expects to see tweaks, such as
units that are more
affordable to those with lower incomes.
Spinola said some form of the program will be necessary as Mayor Bill de Blasio embarks
on his ambitious initiative to build 80,000
affordable housing
units within a decade.
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.