Sentences with phrase «into affordable rental»

I'd leverage the cash made from the sale into affordable rental properties in the South or Midwest.

State Attorney Eric Schneiderman was to announce late Friday morning a pilot program that will make available to land banks statewide $ 4 million for New Yorkers to take over «zombie homes» in their neighborhoods and rehab them into affordable rental housing.

Schneiderman is now announcing another $ 4 million in funding to help turn some abandoned properties into affordable rental housing.

The Fed paper also addresses converting foreclosed properties into affordable rentals.

The Harvard study also noted the role investors are playing turning foreclosures into affordable rentals.

Last month, the Obama administration asked for proposals on how to convert at least some of Fannie Mae's and Freddie Mac's bulging inventories of foreclosed homes into affordable rentals..............................................

Not exact matches

Wall Street hedge funds and investors have been gobbling up affordable homes and turning them into rentals, in many cases renting them out to the same people who were foreclosed on during the Great Recession.

The team effort of the City of Buffalo, Governor Cuomo's team and HCR and ESD, Regions Bank, JPMorgan Chase Bank and CPC has allowed for the development and repurposing of the building into 53 affordable rental units being made available to Buffalo and Erie County families, including eight units for incoming international refugee families looking for a new start in Buffalo.»

«Airbnb has flouted the laws that protect affordable housing for years, and now with new legislation to further crack down on the proliferation of illegal short - term rentals, I urge Governor Cuomo to send a strong message that New York prioritizes hard working New York families by signing this bill into law,» Van Bramer said.

In recent years, it's courted controversy from critics in New York, who say the site depletes the city's affordable - housing stock and encourages rapacious entrepreneurs to convert long - term housing into more profitable short - term rentals.

Launched «Neighbors for Neighborhoods» in August 2016, a $ 4 million pilot program that will enable land banks to provide subsidies for local community members to take over individual, abandoned properties and convert them into long - term affordable rental units.

Second, I want to review how the Land Bank fits into the city's overall housing policy, which should be deconcentrating segregated poverty and expanding affordable rental housing and home ownership.

The funding, received through New York State's Regional Economic Development Council (REDC) Initiative, will assist the City in transforming contaminated and inaccessible land into a vibrant mixed - use waterfront community featuring more than 5 acres of open space, market rate and affordable rental housing, and retail.

NDP: Introduce a green home energy program to help retrofit at least 50,000 homes and apartment buildings making them more efficient and lowering energy bills; create 365,000 affordable housing units across Canada; mandate the Canada Mortgage and Housing Corporation to provide grants and loans to construct at least 10,000 affordable and market rental units, with any revenues to be reinvested back into rental housing supports.

create 365,000 affordable housing units across Canada; mandate the Canada Mortgage and Housing Corporation to provide grants and loans to construct at least 10,000 affordable and market rental units, with any revenues to be reinvested back into rental housing supports.

But we found this one car rental agency with an affordable rate and that was the only reason we decided to fly into Bozeman.

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In addition, we will also seek to ensure that tax relief efforts put more money into the pockets of hard - working families and that affordable homeownership and rental housing opportunities remain an accessible goal.»

«Instead, Congress should reinvest the savings from the MID reform into affordable housing solutions, like the national Housing Trust Fund, rental assistance, or a renter's credit, that would help the lowest income people in America — including seniors, people with disabilities, families with children, and other vulnerable populations — who too often struggle to pay the rent and make ends meet.

Recognizing the need for affordable housing, and increased building costs and land restrictions in many markets over the past 15 years, developers and investors have been turning attached rental stock into for - sale condominium communities — and the movement to convert has never been stronger than in the past year.

Steel shipping containers are increasingly being transformed into homes across the globe, and the trend is coming to the U.S. Developers are turning to them as a quick way to add affordable housing or rentals to markets.

Even though the capital that tenants put into their rental property technically doesn't go toward a long - term investment, it's still a more affordable option.

For every 10 basis points (0.10 %) the rate shifts up, a certain percentage of borrowers will be pushed out of their capacity ratio straight into the rental market, which may be more affordable than buying a home in some areas.

Renters appreciate but don't always require air conditioning, in - unit laundry and finding a place with their desired square footage — since their top priority is finding a rental that's within budget, these may be amenities they'd sacrifice to get into an affordable home.

It's an urgent problem, and that's why Freddie Mac's financing aims to preserve the supply of affordable rental housing by driving capital into the affordable and workforce housing space.

But it allowed us to transition into having a rental with low carrying costs (more affordable reserve as well) and only one mortgage at first, until we were more comfortable.

However, Chapman cautioned, «Not every 55 + household is positioned to buy into such communities, so it's important that local jurisdictions plan to address the growing need for affordable rental housing for seniors as well.»