Sentences with phrase «affordable units when»

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.

Not exact matches

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).

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.

HARLEM — When it opens next year, Broadway Housing Communities» 124 units of affordable housing and children's museum at 155th Street and St. Nicholas Avenue in Sugar Hill will provide the Upper Manhattan neighborhood with a much - needed boost, said city officials who broke ground on the project Thursday.

The proposal would allow landlords who qualified for 421a prior to 2008, when the abatement was last amended, to continue receiving the tax break on half of a building's property tax for another 15 years in exchange for the landlord making 5 percent more of that building's units affordable.

There was no doubt that housing was a top - line issue for Mr. Cuomo this year, when he promised to spend $ 20 billion over the next five years to create thousands of affordable and supportive housing units.

«When you put the capital into preserving or creating affordable housing units, those rents are stable, unlike market rents which can rise uncontrolled,» Milstein said.

Despite the fact, that according to the press release pictures, this looks like a very affordable unit ($ 200.00) and it does have a content distribution system with Barnes and Noble, we will have to judge the merits on this device when more information comes out.

How do you pay for someplace else to stay while repairs are being made, so that you can come back to your affordable housing unit when repairs are complete?

When those units can be brought back into use quickly, that helps to prevent an even tighter squeeze on the market, which plays a part in keeping housing affordable.

How do you pay for someplace else to stay while repairs are being made, so that you can come back to your affordable housing unit when repairs are complete?

Fourteen of the units are «affordable,» though that's relative when you're talking about real estate in NYC.

«We talk a lot about making it affordable for people to live here,» McGinn said recently when asked about the units.

When it inured to their benefit, such as applying for a multi-family property tax exemption that was created to help generate more affordable housing units — they would use the number of bedrooms in a building.

To ensure the units remain affordable when resold, the city imposes a deed restriction on every unit that puts a cap (usually 20 percent) on the amount of appreciation the owner gets to keep.

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.

One Miami has condo units priced at $ 150,000 to $ 400,000, which are affordable when compared with neighboring projects.

By the second financing, when the units were refinanced or sold, rents had increased so much that just 4 percent of the same units were categorized as affordable.

The number of lost units is a fraction of the roughly 641,000 rent - controlled apartments in the city, but in a tight market the removals have had an outsized effect, tenant advocates say, eating away at the supply of affordable housing at a time when L.A. has become one of the least affordable cities in the country.