Sentences with phrase «aside affordable units»

The city has proposed requiring 80/20 landlords to set aside affordable units for the homeless, as The Real Deal reported.

The de Blasio administration wants to simplify and revise the 421 - a program so that only projects that set aside affordable units will qualify for a tax exemption, according to executives who have spoken to city officials.

Not exact matches

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 modified proposal sets aside 75 percent of the market's ground floor retail space for food - related businesses and also ensures the creation of 150 units of affordable housing at Chelsea's Robert Fulton Houses.

Common Council members say they back inclusionary zoning, which requires new housing to set aside a certain percentage of units as affordable housing.

The plan would require residential developers in rezoned neighborhoods to set aside a fixed portion of units as affordable.

At St. John's Terminal, Westbrook Partners and Atlas Capital have agreed to set aside 500 of the 1,596 units as affordable or supportive housing.

The measure is meant to provide a certain amount of units in a development are set aside at below market rates as a means of preserving affordable housing in New York City.

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.

Committee Chairman David Greenfield noted that the 27 percent of units set aside for below - market rents is the largest affordable housing percentage agreement in city history.

De Blasio has said he will set aside more affordable units for New Yorkers with very low and extremely low incomes.

MIH mandates that a percentage of affordable units built in rezoned neighborhoods must be affordable to households of certain earnings - for example, one option sets aside 20 % of units for those earning an average of 40 % of AMI, or about $ 31,00 for a family of three.

Groups Urge Governor & Mayor to Negotiate New Agreement That Builds 15,000 Units of New Supportive Housing, Sets Aside 15,000 Others in New Affordable Housing Developments / Existing Rentals.

The rezoning proposal calls for a minimum of 20 percent of affordable units to be set aside for tenants earning 30 percent of the area median income or less.

Developers in Manhattan and parts of Brooklyn and Queens are required to set aside 20 percent of newly created housing for «affordable» units while developers elsewhere — roughly 84 percent of the city's landscape — can get the benefit without building any affordable units.

The project would include 2,500 apartments, with 875 set aside for low - to middle - income tenants, though the affordable units weren't required under the deal reached with the previous administration.

He also recommended that the building have more permanent affordable housing — beyond the 166 units of affordable apartments included in the current plan — and suggested some units be set aside for formerly homeless families.

That much - desired increased abatement period comes in exchange for developers upping the amount of affordable units they're setting aside from 20 percent to 25 percent or 30 percent.

The developers are planning a 23 - story, mixed - use building that will set aside 30 percent of its 355 units as affordable apartments.

The governor on Monday also called on the state legislative leaders to sign a memorandum of understanding to release more of the $ 2 billion the parties set aside last year to create 100,000 units of affordable and supportive housing across the state, which would significantly benefit New York City, where de Blasio has been struggling to bring a homelessness crisis under control.

A special legislative committee of the Buffalo Common Council will hold a public hearing at 5:30 p.m. Tuesday on a proposed law requiring that new apartment developments set aside a certain percentage of their units as affordable.

To ensure they are not displaced, the Buffalo Common Council is considering legislation that would require the owners of new multiple - unit developments — especially those benefiting from public financing or tax breaks — to set aside a portion of their units as affordable housing or below market rate.

He also asked why Mayor de Blasio would not have insisted on a rezoning in the area to require affordable housing in the new projects (the developers are voluntarily setting aside 25 % of their units for affordable housing in exchange for tax benefits).

Under the new plan, developers would have to set a quarter of the units aside for affordable apartments in return for city approval for a rezoning.

The vice chair of the community board's housing committee Xavier Santiago abstained from voting, saying he has asked the developer to set aside 50 percent of the units for affordable housing.

The borough president also touched on affordable housing, saying she wanted to set aside thousands of NYCHA units specifically for seniors who want to still live independently.

The city's plan, including Mandatory Inclusionary Housing, would require any new development to set aside at least 25 percent of units as permanently affordable housing.

Under the city's Mandatory Inclusionary Housing program, the partners would set aside 20, 25 or 30 percent of the units as affordable housing, though they haven't yet decided on which option to take.

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.

«In addition to these funds,» she said, «the mayor has committed tens of millions of dollars to other city agencies that will directly benefit older New Yorkers, such as to set aside 15,000 affordable housing units targeted to households where older people reside, and a recently announced proposal which will require city and state legislative approval to raise the Senior Citizen Homeowner's Exemption household income eligibility from $ 37,400 to $ 58,400, which would benefit an estimated 32,000 households in New York City.»

With markets slowing, U.S. localities might step up inclusionary zoning rules, which require developers to set aside a portion of their new rental or for - sale units for affordable housing.

A total of 800 apartment units have been set aside as affordable - housing units.