Sentences with phrase «creation of affordable housing»

At the time, Mr. de Blasio would not even consider the possibility that the 421a tax credit for developers, which incentivizes creation of affordable housing, might expire on January 15.

And how would the company's tax dollars contribute to the creation of affordable housing in the region?

It's a somewhat bizarre, although politically familiar, situation: People on both sides of the table agree that something must be done to replace 421a to curb property taxes and drive the creation of affordable housing.

Association for Neighborhood & Housing Development, a housing advocacy group, said the tax break doesn't go far enough to encourage the creation of affordable housing.

Many in the industry consider the abatement indispensable to the creation of affordable housing.

The tax break, which advocates say hastens the creation of affordable housing and encourages residential development at a time when it's desperately needed, cost the city about $ 1.1 billion in foregone tax revenue in 2013, according to the New York City Independent Budget Office.

But I have made clear that the creation of affordable housing is absolutely necessary for the future of our city.»

Rodney, who was honored last year by Crain's as a 40 Under 40, made several changes to the way the corporation was run in order to boost the creation of affordable housing.

As Chairman, he is also responsible for an increase of one billion dollars in bonding authority for the creation of affordable housing in New York City.

«The only way to achieve [affordable housing] goals is with an appropriate wage level for the creation of affordable housing, which obviously is not based on the profit motive,» de Blasio said last year.

The legislation would have a very harmful effect on growth opportunities of small businesses and the creation of affordable housing, and it would reduce overall private investment in New York City by an estimated $ 7 billion.

«The creation of affordable housing is key to revitalizing Upstate communities and injecting new vitality into neighborhoods that lead to stronger local economies,» Governor Cuomo said.

Doing so, the company announced in 2015, would help fund the creation of affordable housing along the cobblestoned Schermerhorn Row, lined by 19th - century brick mercantile buildings that were later converted into storefronts.

Another bill calls for the creation of an affordable housing portfolio to keep track of the city's regulated housing units.

De Blasio spent nearly the entire debate touting his record, including universal pre-kindergarten, the creation of affordable housing, reduction in crime, reforms to policing, improvements in educational achievement, and a stronger economy.

«We look forward to working together to craft a long - term, comprehensive plan to ensure that a reformed 421 - a program can maximize the creation of affordable housing in New York City for years to come.

Two billion dollars in funds was included in the state budget to be spent on the creation of affordable housing.

«We have to be a lot better in terms of what the taxpayer gets for this subsidy... I would say it's not by any means 421 - a at all costs, it's if there is a fair 421 - a — a bill, then the good part is it does help foster the creation of affordable housing we need.

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.

Real estate executives have long complained about the growing number of historic districts and landmarked buildings, a phenomenon they argue impedes the creation of affordable housing.

Inclusionary zoning policies that require the creation of affordable housing in higher - income neighborhoods help to create more integrated neighborhoods and, ultimately, schools.

«Lobbying efforts will have to be stronger than in prior years to ensure changes made by the new administration do not create barriers that would render the creation of affordable housing inviable and further burden those in need of a decent, affordable place to live,» says LeClere.

Under the state's Private Housing Finance Law, the program provided for the creation of affordable housing, both rental and co-operatively owned, for middle - income residents.

For over 50 years, Harborlight Community Partners (HCP) has remained missionally committed to the preservation and creation of affordable housing; as part of this mission, HCP is working to create pathways to housing by assisting first time homebuyers enter into the real estate market and achieve home ownership.

The Finance Authority of New Orleans («FANO») is a housing and development finance agency with a mission to improve the quality of life in the city of New Orleans by directly investing in the creation of affordable housing and economic development projects that produce quality jobs and wealth for residents.

The homes are made possible through HOME Investment Partnership funds administered by the St. Louis County Office of Community Development to assist with the creation of affordable housing for low and moderate income families.