The mayor's Mandatory Inclusionary Housing initiative would require developers to
build affordable housing if their projects benefit from city rezonings.
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.»
Not exact matches
Not to be outdone, a spokesperson for the mayor shot back, «
If 421 - a is simply extended as is, as some are seeking up in Albany, there will be no prevailing wage construction jobs, far fewer
building service workers making prevailing wage and no progress on
affordable housing for tens of thousands in desperate need.
Mr. Cuomo also refused to say
if he considered Mr. de Blasio's ambitious plan to create or maintain 200,000 units of
affordable housing feasible, and said he did not know
if he would speak at a planned rally of
building trades workers in Albany next week.
If 421a is simply extended as - is, as some are seeking up in Albany, there will be no prevailing wage construction jobs, far fewer
building service workers making prevailing wage and no progress on
affordable housing for tens of thousands in desperate need.
If built, the Family Community Life Center — a mixed - use project that has been in the planning stages for more than 25 years — would include an Olympic - size indoor swimming pool, a 25 - seat theater and media center, 24 - hour day care facilities, an indoor walking track, gymnasium, fitness center, classroom space, and 132
affordable apartment units intended as «workforce
housing» for the area.
«We would not have
build thousands and thousands of
affordable units of
housing in the city of New York
if we didn't have the 421 - a program,» Klein said.
MIH is one of the mechanisms the city utilizes to advance its plan to
build or preserve 200,000
affordable housing units over the next decade; it allows developers to
build taller
buildings than existing regulations allow
if they include
affordable housing.
Even
if that construction happens, there are options other than
affordable housing being considered, Mr. Cuomo said, including
building a convention center.
«I have often said that
if all that ends up happening is that the county
builds these
affordable housing units [to satisfy the settlement], and then never
builds affordable housing again, this would not have been successful,» she said.
However,
if the
building is repaired, the
affordable housing must be maintained, Gee said.
«This is an example for the rest of the city that
if you really want to
build affordable housing, this is the way to do it,» added State Senator Adriano Espaillat.
«We can talk about
building hundreds of thousands of new
affordable housing units, but
if we're losing the same
housing units on the other side, then we have a zero - sum game,» said Mr. Stringer, recalling a report by his office that discovered the loss of 400,000 units renting for $ 1,000 or less over the past 12 years.
If a
building containing rent - regulated
housing is demolished, the landlord has no obligation to reinstate the
affordable housing in the new
building, according to Peter Gee, the director of
housing and community services for Asian Americans for Equality, an organization that offered legal help for the residents.
If tensions between the GLA and the London Boroughs grow, plans to
build affordable housing may be hampered.
Even
if public policy provides incentives for
affordable housing development, landlords continue to move toward deregulation and raise the rent in existing
buildings.
If the goal is to
build affordable housing, then requesting contempt of court orders and seeking penalties is completely counterproductive — the litigation will only slow the process down and make it more difficult in the future for municipalities to provide
affordable housing.»
If rezoning protections are passed, those companies will have to follow new rules that seriously limit their height of their
buildings and mandate permanently
affordable housing.
Not only would her own family benefit, Ms. Sepenoski said, but her workers would, too,
if more local
affordable housing was
built.
If they're going to
build new
affordable housing with taxes raised that's one thing.
Housing Supply Trump likes to build things, and if you ask 100 real estate agents from around the country what is the one thing that would help them sell more homes, the most common answer would be increasing available housing inventory, especially in the affordable price
Housing Supply Trump likes to
build things, and
if you ask 100 real estate agents from around the country what is the one thing that would help them sell more homes, the most common answer would be increasing available
housing inventory, especially in the affordable price
housing inventory, especially in the
affordable price ranges.
I can tell you as an active fund manager in the nationwide preservation of
affordable housing, the competition to acquire
buildings most difficult to match is in the form of either investors who project spending little (
if any) in capital improvements (to maximize cash flow) or those who plan to displace these
affordable residents by petitioning to remove the rental restrictions and bring the apartment community back to market rental rate returns.