Sentences with phrase «affordable units over»

Mayor Bill de Blasio, who remains focused on reducing income inequality, is seeking the construction of 80,000 new affordable units over the next 10 years.

But the mayor's vision of building 80,000 affordable units over the next decade may be hobbled without the support of one man: Gov. Andrew Cuomo.

The rezoning is expected to allow developers to increase density in the neighborhood, and is an important component of de Blasio's housing plan to construct or preserve 200,000 affordable units over a decade.

In 2014, Mayor Bill de Blasio, also a Democrat, announced that he planned to build or preserve 200,000 affordable units over 10 years.

Located at 821 East Brighton Avenue in Syracuse, Onondaga County, this affordable housing preservation project is among the hundreds that form the foundation of the Governor's new, $ 10 billion House NY 2020 program to create or preserve 100,000 affordable units over the next five years.

Many have said that 421a is critical to the mayor reaching his goals of creating 80,000 affordable units over the next decade.

Mayor Rahm Emanuel believes it will help produce as many as 1,200 affordable units over that span of years.

Not exact matches

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 cities.

Budget 2018 - 19 commits $ 1.6 billion (both operating and capital) to housing investments over three years, including 19,000 affordable units, 5,000 new student housing beds at public post-secondary institutions, and 2,500 supportive housing units.

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

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.

It would build over 2000 new affordable housing units, open new health care facilities create new parks and open new farmers markets.

The project advances the goals of Mayor Bill de Blasio's Housing New York: A Five - Borough, 10 - Year Housing Plan to create and preserve 200,000 affordable housing units over the next 10 years.

«Tonight's vote sends a clear message that the City of New York is determined to provide relief for its residents, unlike Gov. Cuomo and Albany who recently enacted detrimental rent laws that could eliminate about 90,000 affordable housing units due to deregulation over the next four years — units that do not just provide an affordable price point for tenants but offer protections against arbitrary evictions as well,» he added.

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.

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.

New York State Homes and Community Renewal (HCR) is responsible for carrying out Governor Andrew M. Cuomo's $ 10 billion HOUSE NY 2020 plan to finance 100,000 affordable housing units over five years and leading the Governor's $ 10 billion Homelessness Action Plan to create 20,000 new supportive housing units over the next 15 years.

Mayor Bill de Blasio today unveiled a $ 41.1 billion affordable housing plan that city officials touted as the most ambitious in the city and nation's history, and which aims to build and preserve 200,000 units of affordable housing over the next 10 years.

HCR is in the second year of the $ 1 billion House New York program, which creates thousands of new units over five years, and is the largest investment in affordable housing in at least 15 years.

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.

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.

Last month, Cuomo launched a $ 20 billion, five - year plan to combat homelessness and advance the construction of affordable housing in New York State — supported by the release of $ 2.5 billion in capital funding delivered in the fiscal year 2018 budget, which he said will establish and preserve more than 110,000 units of affordable and 6,000 units of supportive housing over the next five years.

Since then, its work has expanded to 14 cities in upstate New York and Pennsylvania where more than 1,400 units of affordable housing and over $ 300 million in community investment have improved countless lives and neighborhoods.

City Council Speaker Christine Quinn today in her State of the City address vowed to construct 40,000 affordable housing units for the middle class over the next 10 years, DNAinfo reported.

The mayor has said his proposed changes will help him reach a goal of building 80,000 new units of affordable housing, and preserving another 120,000, over the next decade.

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.

Sanders» plan calls for increasing the National Affordable Housing Trust fund to at least $ 5 billion a year «to construct, preserve and rehabilitate at least 3.5 million affordable housing units over the next decaAffordable Housing Trust fund to at least $ 5 billion a year «to construct, preserve and rehabilitate at least 3.5 million affordable housing units over the next decaaffordable housing units over the next decade.»

The housing bonds, known in the industry as «bond cap» or «volume cap,» are responsible for a significant chunk of the affordable housing built in New York City — 17,000 of the roughly 40,000 units the city has created over the past two years.

Principal among the policy positions of Mayor - elect Bill de Blasio as a candidate was his promise to put an end to the abuses of stop and frisk; a pledge to ensure universal Pre-kindergarten by taxing New Yorkers making over $ 500,000; and creating and preserving greater units of affordable housing.

City officials, community groups and developers are fighting over the number of affordable units.

He also claimed that his program would've added 25,500 affordable housing units over 10 years, whereas the governor's will only add 21,750.

The governor proposed several initiatives that brought his platform further left towards liberal issues that de Blasio has been championing — such as increasing the minimum wage to $ 15 per hour, mandating 12 weeks of paid family leave and offering up $ 20 billion over the next five years to address homelessness by providing 20,000 more supportive housing beds and 100,000 units of affordable housing.

The latest budget added $ 1.9 billion to increase the mayor's affordable housing goals from building or preserving 40,000 units over the next 10 years to 50,000 units.

«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.

Over the next five years, the $ 10 billion housing initiative will create and preserve 100,000 affordable housing units across the State, and the $ 10 billion homelessness action plan will create 6,000 new supportive housing beds, 1,000 emergency beds, and a variety of expanded homelessness services.

The 20,000 - plus, which includes both new and preserved units, is a big first step toward the de Blasio administration's plan to build 80,000 entirely new affordable units and preserve another 120,000 over the next ten years.

And Azimuth Development Group and the Upper Manhattan Development Corporation have filed plans to bring three affordable rentals with a combined 275 units over about 213,000 square feet to the area.

MIH is one of the mechanisms the city utilizes to advance its plan to build or preserve 200,000 affordable housing units over the next decade; it allows developers to build taller buildings than existing regulations allow if they include affordable housing.

Mayor Bill de Blasio says he's perplexed as to why community residents are rejoicing over the City Council's vote to reject to the Sherman Plaza rezoning proposal in Inwood — arguing it is «not a win for the community» because developers could now erect housing with no affordable units.

Building C will be a 14 - story building with north and south segments located over the Amtrak train tracks with a combined 243 permanently affordable units.

The San Francisco metro area saw just over 9,000 new affordable units created in the course of more than three decades, and the D.C. area gained a little more than 15,000 in the same time frame.

«We can talk about building hundreds of thousands of new affordable housing units, but if we're losing the same housing units on the other side, then we have a zero - sum game,» said Mr. Stringer, recalling a report by his office that discovered the loss of 400,000 units renting for $ 1,000 or less over the past 12 years.

HCR resources have helped finance over 26,000 affordable housing units since 2011, for moderate and low - income families and vulnerable New Yorkers.

Quinn also presided over the council's approval of Bloomberg's Willets Point redevelopment in exchange for more affordable housing — delivering a higher percentage of affordable units than initially planned, though far less than opponents sought.

«As I've said, over the last couple of decades we've lost several hundred thousand units of affordable housing.

In New York City, the funding is used almost entirely for housing projects, and under a mayor who has promised to vastly expand the city's affordable housing stock by creating and preserving 200,000 units over a decade, that pattern was not going to change.

But today Mr. Cuomo announced plans to pour state money into the issue: $ 20 billion over five years — to help fun 100,000 units of affordable housing across the state, and to pay for 6,000 new supportive housing units over five years and 1,000 emergency beds.

The proposals, which would require approval by the State Legislature, are central to the mayor's promise to build or preserve 200,000 units of affordable housing over 10 years.

In terms of forgiven taxes, the de Blasio administration estimates that its proposal would cut the subsidy per unit to less than $ 400,000, from nearly $ 600,000, and double the number of affordable apartments created under the program to 25,000, from 12,400, over the coming decade.