Sentences with phrase «to build affordable housing»

Very true, it is nearly impossible to build affordable housing in many places.

They sent a property tax break for real estate developers who build some affordable housing back to the industry and labor unions to work out.

The city council president has proposed a bank to help build affordable housing and provide basic services to cannabis businesses.

What would happen if wealthy suburban congregations took it upon themselves to build affordable housing for the poor?

The report found that in recent years similar wage requirements had added $ 45,000 per unit to the cost of building affordable housing.

Most government subsidies for the city's privately built affordable housing have a 30 - year expiration date.

Every year, the authority turns its millions of dollars of excess revenue over to the city, where some of it goes to build affordable housing in other neighborhoods.

Hudson will also build affordable housing at a different site in Clinton Hill.

But today, the mayor insisted his administration was either currently building affordable housing on many of those properties or would do so soon — but that many others just aren't suited for residential construction.

But the only change to MIH was a tweak to part of the plan the city is legally obligated to include, allowing developers to get out of building affordable housing if it creates a «hardship.»

«We can not build affordable housing to replace what's being lost by the rapid gentrification in all of our inner - city neighborhoods.»

He's given a $ 2.4 billion tax break to developers so they can pretend to build affordable housing while in reality they kick out low and middle - income New Yorkers, who are predominantly people of color.

There was the time, less than a month later, when Mr. de Blasio, as a centerpiece of his State of the City address, announced a plan to build an affordable housing complex on a Queens rail yard — and Mr. Cuomo, within hours, shot it down.

The lawsuit requires the county to analyze its zoning laws to find potentially discriminatory practices, and build affordable housing units in some of the county's predominately white towns.

«No more tax breaks without building affordable housing in return,» de Blasio said.

The tax is expected to raise $ 75 million annually, with most of the money being funneled into building affordable housing.

Comptroller John Liu has rejected the Battery Park City Authority's plan to pay for $ 5 million in extra construction costs at the pier using funds that would otherwise go toward building affordable housing in the city, Liu said in a recent letter to the authority.

Those involved with building affordable housing across the state are bracing for a potential significant impact as the House and U.S. Senate look to reconcile legislative differences when it comes to how certain types of municipal bonds are treated in the federal tax code.

While mayoral frontrunner Bill de Blasio has not explicity ruled out the idea of development on housing authority - owned land, he has said he favors building affordable housing over market - rate units.

Business columnist Daniel Strauss breaks down how building affordable housing under Gov. Andrew Cuomo's new initiative will help homeless people get back on their feet.

Westchester County Executive George Latimer said, «While the terms of the Affordable Housing Settlement were established long before I became County Executive, I plan to work cooperatively with developers, the local municipalities, the State and the Federal Government to ensure we are building affordable housing throughout Westchester.

1:30 PM — Mayor Bill de Blasio visits tenants in newly built affordable housing and delivers remarks.

Under each option, developers would have to build affordable housing targeted to families at various income levels, with annual incomes for families of three ranging from less than $ 31,000 to as much as $ 100,000.

Kyle Kimball, a Bloomberg appointee and one of the few top city officials to survive the changeover from a mayor focused on skyline - altering development projects to one more intent on building affordable housing outside Manhattan, is stepping down as head of the Economic Development Corp..

Mayor Bill de Blasio proposed building affordable housing over the tracks at Sunnyside Yards in Queens during his recent State of the City address, but Diaz advocated checking out Bronx locations instead.

Mayoral spokesperson Melissa Grace said the administration is still pushing the developers to start building the affordable housing component sooner than 2022.

He also sits on the boards of two key state housing agencies, including the Housing Finance Agency, which provides financing to for - profit and not - for - profit developers to build affordable housing projects across the state.

That idea, which has been championed in the city council by Brad Lander, would be a win for Mayor Bill de Blasio, who has made building affordable housing one of his highest priorities.

De Blasio testified against the measure when he spoke about his budget priorities in Albany last week, saying it would «produce uncertainty in financing and unnecessarily add difficulty and delay to the process of building the affordable housing struggling New Yorkers need.»

That fact leads to the affordability conundrum: Developers build affordable housing where they can make money doing so, which is to say wherever prices are high enough to promise a return.

Bonds don't offer enticing returns compared to stocks and other investments, but the city hopes a tokenized version might appeal to residents who care about building affordable housing and helping the homeless.

To build affordable housing profitably, you need to run a tight ship in the office as well as the field.

Developers are also working with their local officials to make their plans to build affordable housing work.

Prices for LIHTCs seem to have stabilized and developers are still able to build affordable housing properties.

It's an ideal location for senior housing, but the MHP never could have built affordable housing there if it paid full price for its half of the site.

We look forward to partnering over the next months to structure a program that works for the real estate community, and works for the hard working men and women who build affordable housing in New York City.»

One of the most recent came after de Blasio's State of the City address, where he called for a minimum wage of $ 15 and announced plans to build affordable housing at Sunnyside Yards in Queens.

She notes, too, that the junior class will soon expand the homeless project in Portland by traveling to Appalachia to help build affordable housing with Habitat for Humanity.

In Staten Island — which is «still a pain in the ass to get to» — Douglaston is building affordable housing for seniors, and the developer is also building affordable rentals in the Bronx.

In fact, just yesterday, I heard on NPR that the city still has not built affordable housing 10 years after Katrina.

«He's given a $ 2.4 billion tax break to developers so they can pretend to build affordable housing while in reality they kick out low - and middle - income New Yorkers, who are predominantly people of color.»

RUPCO's proposal to build an affordable housing complex on the site of the former Mid-City Lanes bowling alley at 20

Hudson Companies also offered to build affordable housing units within the borough, which other bidders did not, according to the mayor's office.

«No more tax breaks without building affordable housing in return,» Mr. de Blasio, a Democrat, said in a statement.

«This lost revenue could have gone toward building the affordable housing we desperately need, or increasing resources for our school children.

The mayor's Mandatory Inclusionary Housing initiative would require developers to build affordable housing if their projects benefit from city rezonings.

«As REALTORS ® we are proud to support Habitat for Humanity in their mission of building affordable housing and promoting homeownership as a means to break the cycle of poverty.»