Sentences with phrase «creation of affordable rental housing»
The Low Income Housing Tax Credit (LIHTC) is the most effective tool for the creation of affordable rental housing.
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«The plan put forward by Mayor de Blasio will result in the creation of much more affordable and market rate, multi-family rental housing in New York City,» Steven Spinola, president of the Real Estate Board of New York, said in a statement.
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 resHousing Finance Law, the program provided for the creation of affordable housing, both rental and co-operatively owned, for middle - income reshousing, both rental and co-operatively owned, for middle - income residents.