Sentences with phrase «current affordable units»

Not exact matches

Critics note that the current program only requires developers to include affordable units if their buildings are in the «Geographic Exclusion Area» covering less than 17 percent of the five boroughs, and that it costs the city upwards of $ 1.1 billion in foregone revenues.

«We're losing too many affordable housing units by the current rent regulation,» Mr. Cuomo said, estimating the loss to be roughly 10,000 annually.

Critics today, including members of the de Blasio administration and some developers, say that the current program often stimulates luxury housing more than affordable units.

In a statement released Tuesday, Stringer claimed that the new affordable housing units created under the rezoning plan would in fact be unaffordable for 55 percent of East New York's current residents, and that the market rate units would be unaffordable for 84 percent.

Located at 260 West 153rd Street in Manhattan, this new seven - story development is named in honor of the current Chairman of HCCI and includes 50 units of affordable housing, an onsite daycare center, and new community service office for HCCI.

Twenty percent of the rental units included in the current design plan are considered affordable housing, and a 750 - seat school is slated to be included in the development.

Southold Town Supervisor Scott Russell is proposing to double the limits of the town's current zoning rules in order to increase affordable housing rental units across the North Fork.

He also recommended that the building have more permanent affordable housing — beyond the 166 units of affordable apartments included in the current plan — and suggested some units be set aside for formerly homeless families.

His current series documents officially designated «affordable housing» units throughout the City of Santa Monica, all sustained under the umbrella of one management company.

A portion of this money would go to construction of new affordable housing units, although the majority of it will expand on the current focus on renovation and repair of existing affordable housing, as well as measures to support housing affordability such as rent supplements.

However we are noticing that smaller more affordable units tend to be increasing in demand during the current economic environment.

While talk of rent control measures came up during election campaign, the government, including Municipal Affairs Minister Deron Bilous, say that in the current market, where rent levels have been plateauing, it makes more sense to put resources into making more affordable units available.

is the current president of London Affordable Housing Foundation, which just completed building a $ 4.6 - million social housing development with 24 units, including four accessible units.

This dynamic, coupled with the low statewide rental vacancy rate of 1.5 percent, creates an extreme demand for affordable units at the low end of the market that isn't met by current rental housing stock.

the amount you owe on your first mortgage for your property is equal to or less than: $ 729,750 for 1 unit $ 934,200 for 2 units $ 1,129,250 for 3 units $ 1,403,400 for 4 units you owe more on your home than it's worth your current mortgage was taken out on or before January 1, 2009 you are experiencing a hardship (such as a job loss, divorce or medical emergency) and are unable to afford your current home loan (For loans not owned by Fannie Mae or Freddie Mac) All servicers that have signed agreements with the U.S. Department of the Treasury (Treasury) to participate in the Home Affordable Modification Program (HAMP) must consider eligible borrowers who do not qualify for HAMP for other foreclosure prevention options including the Home Affordable Foreclosure Alternatives program which includes short sale and deed - in - lieu.