Not exact matches
There's no one universal model for these policies, but they generally involve one of two things: a requirement that developers either make a certain percentage of their housing units
available at below -
market rates, or that has them pay a fee into a fund for affordable housing.
Over the past couple of years, speculators have also used short sales of gold to obtain low cost funds to invest in other assets — for example, by shorting gold (borrowing it and selling it in the spot
market),
market participants have been able to obtain US dollars
at between 1 and 2 per cent, well
below the
rate of return
available on US assets.
The private equity fund Savanna bought the Willoughby site for $ 28 million in 2014 and submitted plans to build a 44 - story, 270 - unit mixed - use tower, where 81 rental units would be
available at below -
market rates.
The program also played into what de Blasio considers his biggest success yet in forcing developers to include affordable housing; the 1,723 - unit Astoria Cove project along the Queens waterfront, where 27 percent of the units are to be
available at below market -
rate rents.
Studio space is
available to artists for up to two years,
at below -
market - value
rates.
As an example, loans provided
at generally prevailing interest
rates are not gifts, but a judge could not accept a loan from a financial institution
at below -
market interest
rates unless the same
rate was being made
available to the general public for a certain period of time or only to borrowers with specified qualifications that the judge also possesses.
As you can see, the growth
rate can be quite substantial and if there were many borrowers with yet unused funds who borrowed
at low fixed
rates but wanted to finally access their funds years later after
rates had risen, borrowers would have substantially higher funds
available to them
at rates that were not
available and reverse mortgage lenders might not be able to cover the demand of
below market requests for funds.
Mortgages targeted
at first - time homebuyers and buyers with low or moderate incomes are often
available at below -
market interest
rates.