Sentences with phrase «as an affordable housing developer»

«Over the last 20 years, Norstar, as an affordable housing developer, has applied for funding in competitive processes, both successfully and unsuccessfully, for numerous affordable housing projects,» Higgins said in a Saturday email.

Not exact matches

But now almost a year later, it appears as though they have; 421a is not only essential for developers, it's the only way to ensure that affordable housing gets built.

Including a change to a developer tax break known as 421 - a which would have allowed for more affordable housing.

Hevesi says the homeless projects are caught up in a larger dispute over how to renew a special tax break for real estate developers who include affordable housing in their projects, known as 421a.

-LSB-...] program, which housing advocates see as a giveaway to developers, previously required developers to market affordable units to residents of the surrounding -LSB-...]

At Pratt, he led many successful community - planning efforts, as well as campaigns to expand affordable housing and create NYC's «inclusionary zoning» program, which requires developers seeking tax breaks to set aside 20 percent of their units for low and moderate income families and pay a living wage to their service workers.

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.

The de Blasio administration is set to announce BFC Partners, Dunn Development and the West Side Federation for Senior and Supportive Housing as the private developers that will construct nearly 500 affordable and senior apartments on three properties leased from the New York City Housing Authority.

Developers argue the tax break is necessary for the city to build affordable housing and meet Mr. de Blasio's ambitious construction goals, especially as the cost of land skyrockets.

As one of the largest faith - based developers of affordable housing in the country, Catholic Charities provides 2,900 units of housing for low - income seniors, families, and the formerly homeless and formerly homeless veterans throughout Brooklyn and Queens.

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.

It remains to be seen how these new goals will play out, in conjunction with the newly rebooted 421a (dubbed Affordable New York), which gives developers a 35 - year break from taxes, as well as the mayor's Mandatory Inclusionary Housing program.

Currently, the 421 - a program requires developers to set aside 20 percent of their projects as affordable housing — but only in certain parts of the city.

This has been achieved through both our affordable housing supply programme, which is on track to surpass our 30,000 affordable homes target, and schemes such as Help to Buy (Scotland) and the Small Developers Scheme, which will support the purchase of over 7500 homes by March 2016.

Mayor de Blasio's housing plan draws concern and support at a City Council hearing, as the city looks to require private developers to build affordable housing to meet the needs of the city's lowest - income residents.

Developers of these buildings will also be required to set aside between 25 and 30 percent of units as affordable housing, in accordance with suspended legislation that's been held up in Albany.

Developers can build a 14 - story tower with no affordable housing at the site as - of right, according to Politico.

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.

HCR Commissioner / CEO Darryl C. Towns and members of HCR's leadership team joined affordable housing developers and industry leaders at a luncheon in Albany hosted by the New York State Association for Affordable Housing (NYSAFAH) as part of the organization's Annual Legislative Caffordable housing developers and industry leaders at a luncheon in Albany hosted by the New York State Association for Affordable Housing (NYSAFAH) as part of the organization's Annual Legislative Confhousing developers and industry leaders at a luncheon in Albany hosted by the New York State Association for Affordable Housing (NYSAFAH) as part of the organization's Annual Legislative CAffordable Housing (NYSAFAH) as part of the organization's Annual Legislative ConfHousing (NYSAFAH) as part of the organization's Annual Legislative Conference.

Arbor Housing and Development is an experienced developer of affordable housing as well as supportive housing for at - need populHousing and Development is an experienced developer of affordable housing as well as supportive housing for at - need populhousing as well as supportive housing for at - need populhousing for at - need populations.

New York City's rent regulations expire next week, along with a property tax break for real estate developers who agree to set aside some of their project for affordable housing, known as 421a.

Amid some uncertainty about how the city would achieve Mayor Bill de Blasio's affordable - housing goals without the program known as 421 - a, and how developers would finance their projects, one thing seemed clear: The immediate prospects of Albany lawmakers restoring the program looked bleak.

Williams, who is currently focused on running for City Council speaker, said as Cuomo helped resurrect a lucrative affordable housing tax credit for rich developers, the city and state have lost thousands of rent - regulated apartments.

Multiple Assembly Democrats decried the tax credit as a lucrative giveaway to well - heeled developers, while supporters said it will lead to the much - needed construction of affordable housing in the city.

The 421 - a program provides tax breaks for developers who provide affordable housing as part of their newly constructed buildings.

Multiple Assembly Democrats decried the tax credit as a lucrative giveaway to well - heeled developers while supporters say it will lead to the much needed construction of affordable housing in the city.

Many affordable housing developers are listed as giving money to Cuomo according to his campaign filings that came in on May 29, 2014 — including three that gave $ 25,000.

In addition to its affordable housing proposition, the developer had intended to bring a new four - story building nearby, but that proposal seems to be on hold as well.

As a developer of affordable housing, I know that Councilman Lancman's proposal to expedite the building of new local facilities and addressing the flaws of our criminal justice system can be accomplished quickly and successfully.

The rezoning was touted by the de Blasio administration as an example of how to meet the interests of developers while expanding affordable housing, but it drew sharp criticism from activists in the neighborhood and some elected officials, who argued it didn't go far enough in ensuring that space would be reserved for the neighborhood's poorest residents.

The state created the 421 - a tax abatement back in the bad old days of the 1970s as an incentive to developers; in the»80s it was amended to require the building of affordable housing.

The development, known as Astoria Cove, is viewed as a coup by the de Blasio administration and left - leaning City Council members — a about - face on the part of City Councilmembers occasioned by a 7 percent increase in the amount of affordable housing housing to built — and an agreement to use organized labor during the construction phase, even as speculation builds that the developer, Alma Realty, could flip the property and some activists question whether enough affordable housing will be built.

In the end, new rent rules were approved, but lawmakers punted on renewing a program, known as 421A, that gives tax breaks for developers who build affordable housing.

Hevesi said the homeless projects are caught up in a larger dispute over how to renew a special tax break for real estate developers who include affordable housing in their projects, known as 421a.

Last night's panel objected that the developer's affordable housing commitment, as it currently stands, is only 15 years long and that the building plans were too dense.

Mr. Wright said that he believed some version of the 421 - a abatement should pass both houses of the legislature, as he argued developers need incentive to build, especially to build affordable housing.

There was also a mutual disappointment in the governor's office and in City Hall over the lapsed tax break and development program known as 421 - a, which the governor had urged developers and unions to negotiate on last year, and which Mr. de Blasio looked to restart in order to support the creation of affordable housing in the city, a bedrock promise of his first term.

Trudeau's plan includes a new, 10 - year investment in social housing, prioritizing affordable housing and seniors» facilities (including building more units and refurbishing existing units) as well as removing all GST for developers of new affordable rental housing projects.

Realtors who specialize in Port Coquitlam also think there's more room for growth as developers start to update homes and redevelop land and more people look to find more affordable housing within the Lower Mainland.

Since some park model homes and travel trailers are already in this size range it should be an easier sell for a developer (or group of individuals) to promote this as «affordable housing».

In addition, we've met with city officials, developers, and community development groups to help them understand how tiny houses can be a good example of urban infill and serve as a small component of affordable housing strategies and creative arts spaces in cities.

Now, as a developer of affordable urban housing with projects in 25 U.S. cities, McCormack wants to use CPD's services in other locations.

I think that a market niche is available, as seen recently in a CBS documentary, where an entrepreneur / developer has taken over vacated properties in New York and converted them to affordable housing.

New construction of affordable housing is likely to be challenged as developers would need to find new financing sources.

But the ban also reflects the delicate balancing act required to pass inclusionary zoning, a decades - old tool that has enjoyed renewed interest in recent years as cities seek to make affordable housing palatable to developers.

Steel shipping containers are increasingly being transformed into homes across the globe, and the trend is coming to the U.S. Developers are turning to them as a quick way to add affordable housing or rentals to markets.

Proto, an affordable housing developer, will serve as the managing member, general contractor and property manager for the property and will be responsible for completing a scope of work that include system replacements.

Developers of affordable seniors housing face growing difficulties as the amount of available equity is set to decline and competition for other funds intensifies.

One strategy for preserving affordability is for these properties to be acquired by nonprofit, mission - oriented developers and asset managers, such as Mercy Housing, a Colorado - based affordable housing organization that manages 17,400 units in 290 properties across the cHousing, a Colorado - based affordable housing organization that manages 17,400 units in 290 properties across the chousing organization that manages 17,400 units in 290 properties across the country.