Sentences with phrase «for affordable housing developers»

A representative for the New York State Association for Affordable Housing, a trade group for affordable housing developers, also did not return a request for comment.

Meanwhile, Mary Serafy, the director of design for affordable housing developer BRP Development, will be one of two members who represent owners» interests on the board.

Not exact matches

Real estate developers are under pressure in China to refurbish older properties for rental purposes to ease a supply shortage in the market for affordable housing, says Peter Churchouse of Portwood Capital.

There's no one universal model for these policies, but they generally involve one of two things: a requirement that developers either make a certain percentage of their housing units available at below - market rates, or that has them pay a fee into a fund for affordable housing.

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.

And most of all, don't increase those Affordable Housing Opportunity Fund fees developers would pay for opting out of building affordaAffordable Housing Opportunity Fund fees developers would pay for opting out of building affordableaffordable units.

The developers of Pacific Park face some risk; the amended development agreement imposes a 2025 deadline for 2,250 affordable housing units, nearly 1,470 of which remain to be built.

Our comprehensive array of capabilities includes acquisition, construction and permanent financing for public and private developers and investors; agency financing for multifamily and seniors housing properties; and debt and equity capital for the affordable housing industry.

The federal government was the main source of subsidy in the «60s and «70s, offering for - profit developers below - market interest rates and tax incentives to build and maintain affordable housing.

Initially, the developers Barratt Homes and Galliard Homes put forward a proposal which included no plans at all for social or affordable housing.

But now almost a year later, it appears as though they have; 421a is not only essential for developers, it's the only way to ensure that affordable housing gets built.

Also at 10:30 a.m., Westchester County Executive George Latimer will be joined by the state Homes and Community Renewal commissioner, community leaders, affordable housing advocates and the developer of Vienna Senior Housing for a ribbon - cutting ceremony, celebrating the opening of affordable senior housing, 250 Theodore Fremd Avehousing advocates and the developer of Vienna Senior Housing for a ribbon - cutting ceremony, celebrating the opening of affordable senior housing, 250 Theodore Fremd AveHousing for a ribbon - cutting ceremony, celebrating the opening of affordable senior housing, 250 Theodore Fremd Avehousing, 250 Theodore Fremd Ave., Rye.

Including a change to a developer tax break known as 421 - a which would have allowed for more affordable housing.

Two real estate developers hired the law firm to represent them in tax challenge cases in return for Silver allegedly backing the renewal of state tax incentives for developers of large housing projects that include affordable units, according to federal charges.

Meanwhile at the New York State Association for Affordable Housing's conference, de Blasio called on affordable housing developers to pressure Albany to pass a reformed 421a before the legislative session endAffordable Housing's conference, de Blasio called on affordable housing developers to pressure Albany to pass a reformed 421a before the legislative session ends iHousing's conference, de Blasio called on affordable housing developers to pressure Albany to pass a reformed 421a before the legislative session endaffordable housing developers to pressure Albany to pass a reformed 421a before the legislative session ends ihousing developers to pressure Albany to pass a reformed 421a before the legislative session ends in June.

Hevesi says the homeless projects are caught up in a larger dispute over how to renew a special tax break for real estate developers who include affordable housing in their projects, known as 421a.

At an earlier community forum, Johnson took credit for having forced the developer to increase the level of affordable housing to be built from 20 % to 26 %.

At Pratt, he led many successful community - planning efforts, as well as campaigns to expand affordable housing and create NYC's «inclusionary zoning» program, which requires developers seeking tax breaks to set aside 20 percent of their units for low and moderate income families and pay a living wage to their service workers.

The new Affordable New York Housing Program lets developers of rental apartment buildings off the hook for property taxes for 35 years.

Currently it mandates developers who build in rezoned areas of the city pick from one of three options for affordable housing: 25 percent of their units rented to those making, on average, 60 percent of the Area Median Income, 30 percent at 80 percent of the AMI or 30 percent at 120 percent.

But one issue not included is the continuation of the 421a affordable housing tax credit program for developers.

About Liberty Affordable Housing Liberty Affordable Housing Inc. (Liberty) is a not - for - profit developer headquartered in Rome, New York.

The Sherman Plaza developers, Washington Square Partners and Acadia Realty Trust, need approval from the Council for the spot rezoning to include more affordable housing in the project, which would be the first in the city to be built under Mayor Bill de Blasio's Mandatory Inclusionary Housing (MIH) rezoninhousing in the project, which would be the first in the city to be built under Mayor Bill de Blasio's Mandatory Inclusionary Housing (MIH) rezoninHousing (MIH) rezoning plan.

Shephard said that Mayor Bill de Blasio's plan to greatly expand the city's number of affordable housing units provides an opportunity for developers to incorporate solar and clean energy into lower - income neighborhoods.

In her testimony before the Council, Ms. Glen noted that the 421a credit — a frequent target for liberals — is available for most projects across the city, but developers are only required to include any affordable housing in their buildings in the so - called «geographical exclusion area» covering just 16.5 percent of the city.

After negotiations to reform and extend the controversial 421a tax break for housing developers collapsed last week, Mayor Bill de Blasio and Gov. Andrew Cuomo said they would both make finding a new way to spur affordable housing a priority this year.

Meanwhile, the new 421 - a program, which gives a tax break to developers in exchange for affordable housing, no longer helps residents of the community where the project is built.

A bill to repeal the vacancy allowance has languished in the State Assembly for years, but some see an opening to inject the issue into negotiations over the renewal of a tax exemption for developers who build affordable housing.

And, when I need, to I'll stand up to developers on delivering affordable housing, ensuring that the London Plan is amended with a 50 % target for affordable homes and measures to ensure that Londoners, not overseas investors, always get first dibs on the homes we build.

I'll establish Homes for Londoners, a new in - house developer at City Hall, led by me, working with councils and private developers to lever in funding and get thousands of new affordable and market homes built on spare public land and brownfield.

The messy end of session also includes agreements on short extenders — one additional year for mayoral control of the New York City schools, and a six month extension of a tax break for real estate developers who build some affordable housing.

The city's Department of Housing Preservation and Development is looking for a developer to build up to 225 affordable housing units and 68,000 sqHousing Preservation and Development is looking for a developer to build up to 225 affordable housing units and 68,000 sqhousing units and 68,000 square...

The de Blasio administration is set to announce BFC Partners, Dunn Development and the West Side Federation for Senior and Supportive Housing as the private developers that will construct nearly 500 affordable and senior apartments on three properties leased from the New York City Housing Authority.

Heastie said there are also agreements on an affordable housing tax credit for New York City developers and a proposal to raise the age of criminal responsibility from 16 to 18.

The 421 - a tax credit that gives developers a tax break for setting aside 20 percent of a building for affordable housing will continue for four years.

«If Albany will not give us the changes we need, if Albany will not strengthen rent regulations, if Albany will not pass a mansion tax, if Albany will not protect us, then here's what I think about any tax breaks for condominiums, luxury condominiums, any tax breaks for developers who are not going to create affordable housing — I say end those tax breaks once and for all,» he told congregants at First Corinthian Baptist Church in Manhattan, according to a recording provided by a spokesman.

In a statement, the de Blasio campaign said, «Bill de Blasio has put forward the most comprehensive affordable housing plan of any candidate for Mayor — one that will create or preserve 200,000 units of affordable housing and require developers to build more permanent affordable units.

He's reduced taxes and debt twice, continued to make water quality a signature issue, and addressed his long - standing concerns over the lack of affordable housing on the East End by working with developer Georgica Green Ventures and community members to gain town board approval for a 38 - unit workforce housing project in Speonk.

Developers argue the tax break is necessary for the city to build affordable housing and meet Mr. de Blasio's ambitious construction goals, especially as the cost of land skyrockets.

Developers Washington Square Partners and Acadia, who own the Sherman Plaza site and had sought the increased height limits in exchange for a plan to include affordable housing in its development, said they were saddened to hear of the vote.

The developers had sought a 23 - story height cap, in exchange for 50 percent affordable housing, but settled on up to 17 stories maximum in which it would develop 175 affordable apartments.

For more than a year, the 421a abatement that saves developers big in taxes and creates some affordable housing has been unavailable for new development projects, following a sunset of the previous law in January of 20For more than a year, the 421a abatement that saves developers big in taxes and creates some affordable housing has been unavailable for new development projects, following a sunset of the previous law in January of 20for new development projects, following a sunset of the previous law in January of 2016.

Their most recent debate is about the 421 - a program, which provides tax abatements to developers in exchange for building affordable housing.

As one of the largest faith - based developers of affordable housing in the country, Catholic Charities provides 2,900 units of housing for low - income seniors, families, and the formerly homeless and formerly homeless veterans throughout Brooklyn and Queens.

Reyna, an advocate for affordable housing, recently pushed an agreement with Rheingold Brewery developer Read Property Group to include «permanently affordable» housing units in the Bushwick building.

New York City Mayor Bill de Blasio came to Albany to meet with Cuomo and legislative leaders to push for reform and renewal of the city's rent control laws — which impact around two million people — and a related property tax break for developers who set aside some of their new dwelling s for affordable housing.

Lewis, who has complained that de Blasio has been too cozy with developers in drafting plans for affordable housing, calls him «the gentrifier in chief.»

The developers behind the Bronx Commons, a 305 - unit affordable - housing project slated for the South Bronx, have a different idea in mind: They are adding a concert hall to the mix.

The effort to revive the lucrative 421 - a affordable housing tax break for developers appears doomed this year.

«Instead of reaching out to union leaders to gain consensus on an affordable housing program that ensures middle - class wages for workers, (de Blasio) coordinated with a lobbying group — led by billionaire developers — to run an anti-union campaign that would lead to unsafe job sites and a low - wage workforce,» The Greater New York Laborers - Employers Cooperation and Education Trust and the New York City and Vicinity Carpenters Labor Management Corporation said in a joint statement.