Sentences with phrase «market affordable units»

The program, which housing advocates see as a giveaway to developers, previously required developers to market affordable units to residents of the surrounding neighborhood before the rest of the city.

-LSB-...] program, which housing advocates see as a giveaway to developers, previously required developers to market affordable units to residents of the surrounding -LSB-...]

Not exact matches

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.

Additionally, it will provide two affordable housing units in the heated SF housing market.

CityLand article on BP Adams recommending the approval of a land use application for the construction of 251 affordable units above a revamped local vendor market and community facility in Flatbush.

The substantial rehabilitation of the building will result in 52 apartments, including 43 affordable and nine market - rate units for seniors and physically - handicapped persons.

It would build over 2000 new affordable housing units, open new health care facilities create new parks and open new farmers markets.

The report compares several projects by the de Blasio administration to the Aspen, an early Bloomberg - era development and venture between Ms. Glen and L&M that included half market - rate apartments, and half that were affordable units at either 50 or 130 percent of the city's so - called area median income (currently about $ 86,000 for a family of three).

The modified proposal sets aside 75 percent of the market's ground floor retail space for food - related businesses and also ensures the creation of 150 units of affordable housing at Chelsea's Robert Fulton Houses.

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.

Sanders also called on local governments to «demand more» from developers who receive government subsidies, saying affordable housing units should not return to market value rents after 10 to 20 years as is often done.

Most of the city's new below - market units, though, will come from 100 percent affordable projects.

It also includes $ 125 million in credits to create and preserve affordable rental properties in New York State — which brought applause from Mayor Bill de Blasio, who has an ambitious plan to build and maintain 200,000 units of below - market housing citywide.

On the other hand, his ambitious plan to build 80,000 affordable units, preserve 120,000 affordable units, and foster the development of 160,000 market - rate units depends on the cooperation of the real estate industry.

The program also played into what de Blasio considers his biggest success yet in forcing developers to include affordable housing; the 1,723 - unit Astoria Cove project along the Queens waterfront, where 27 percent of the units are to be available at below market - rate rents.

The measure is meant to provide a certain amount of units in a development are set aside at below market rates as a means of preserving affordable housing in New York City.

He said one question that remains unanswered is the percentage of units that will be affordable and market rate.

Supporters of affordable housing are concerned that Alma Realty's 2.2 million - square - foot Astoria Cove project will not contain enough rental units below market rates.

Committee Chairman David Greenfield noted that the 27 percent of units set aside for below - market rents is the largest affordable housing percentage agreement in city history.

Separately, on de Blasio's citywide zoning changes before the council to mandate below - market - rate housing, she said that she «definitely» expects to see tweaks, such as units that are more affordable to those with lower incomes.

These below - market rate units are subject to rules regarding, for instance, how much their rents can be raised each year (which will be voted on by the Rent Guidelines Board on June 24) and are seen as an important way to keep New York City affordable.

Once completed, the redevelopment will provide a hotel, approximately 192 units of affordable and market rate residential rental apartments and approximately 25,000 square feet of commercial retail space and approximately 25,000 square feet of cultural arts space.

City officials said they chose not to issue the bonds because the revenue from the market - rate apartments in the project is expected to finance the affordable housing units.

Led by local rep Ydanis Rodriguez, legislators nix half market - rate, half affordable - unit apartment complex

To ensure they are not displaced, the Buffalo Common Council is considering legislation that would require the owners of new multiple - unit developments — especially those benefiting from public financing or tax breaks — to set aside a portion of their units as affordable housing or below market rate.

Community Board 3 unanimously approved the plan — which includes a 50 - 50 split between market - rate and affordable housing for the approximately 1,000 units to be built on the site — after spending the last two - and - a-half years crafting a final plan.

So, in addition to building 750 affordable units, the settlement states that the county must fund marketing, public education, and other outreach efforts to promote fair and affordable housing.

Instead of being limited to particular neighborhoods, the requirement that 20 percent of subsidized development units be affordable would apply citywide, and — theoretically — stimulate the building of more below - market units.

His highly - touted affordable housing plan has focused on production rather than preservation, produced units that will not be affordable for too many low and moderate - income New Yorkers, and will unleash the forces of gentrification and displacement in marginal neighborhoods which will see an influx of market - rate housing.

Those include city programs meant to protect and promote rent stabilization, and loans and tax breaks to landlords who keep affordable units or charge elderly and disabled tenants stabilized rents rather than market rates.

The mayor's housing plan is largely predicated on leveraging the private market to help fund affordable housing units.

Members of the Coalition for Community Advancement advocated for 5,000 affordable units instead of the roughly 3,000 below - market rate units proposed by the city for East New York.

Among other changes, the committee recommended that local development agencies be a part of the project's marketing for affordable units.

One affordable housing organization represented on the committee, GOLES, has called for building 70 % affordable housing (the draft guidelines propose a 50 - 50 split between affordable and market rate units).

The mayor will push for construction of 160,000 new market - rate apartments in addition to more affordable units.

«When you put the capital into preserving or creating affordable housing units, those rents are stable, unlike market rents which can rise uncontrolled,» Milstein said.

Ms. Olatoye's proposed program would use open space at the developments to construct 13,500 below - market - rate apartments — contributing to the mayor's ambitious affordable housing agenda — and 3,500 units for more upscale tenants.

Cestero said he plans to continue adding affordable units to the market and meet the HPD's goal of adding 165,000 affordable units by the end of 2014.

MPI provides property management services for over 8,500 units of mixed - use, market rate, and affordable housing in Boston, MA, and across New England.

Even Hyundai's Kia division has a comparable unit, the Sorento, and there are affordable family - sized SUVs on the market from Ford (the Escape), Chevrolet (the Equinox), Mazda (the Tribute), Jeep (the Liberty) and Saturn (the VUE), among others.

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.

The NDP's platform does include subsidies in the form of tax breaks for landlords to construct affordable rental units, but Mulcair has refused to say if he would use the federal government's regulatory powers to tighten lending rules and cool the market.

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.

Liberals: Start a new, 10 - year investment in social housing infrastructure, prioritizing affordable housing and seniors» facilities (including building more units and refurbishing existing units); encourage the construction of new rental housing by removing all GST on new capital investments in affordable rental housing; loosening the existing qualification rules for the Home Buyers» Plan to allow more Canadians affected by sudden and significant life changes to access their RRSP savings for a down payment; review escalating home prices in high - priced markets, including Toronto and Vancouver, and review all policy tools that could keep homeownership within reach for more Canadians.

When those units can be brought back into use quickly, that helps to prevent an even tighter squeeze on the market, which plays a part in keeping housing affordable.

With beautiful two - and three - bedroom units available for sale, you'll find Towers on the Grove offers affordable luxury and is priced very competitively in the North Myrtle Beach real estate market.

TMBER is the world's first bio brand building system utilizing CLT that produces healthy, quick - to - markets smart - panels and modular units used as solid wood construction structures for a wide variety of purposes like individual homes, affordable housing, student residences, mid and high rise urban developments and everything in between and beyond.

Shriram Life Growth Plus is an affordable, non-participating unit linked life insurance plan that provides dual benefits of savings through market linked returns plus life cover.

Yet, that's not always clear to new people entering the market, and many believe that's why a handful of altcoins — including dogecoin and dentacoin, both of which recently reached market caps of more than $ 1 billion — are seeing a pump in their price, as they offer an affordable way to get into the cryptocurrency markets in whole units.

Yet, that's not always clear to new people entering the market, and many believe that's why a handful of altcoins - including dogecoin and dentacoin, both of which recently reached market caps of more than $ 1 billion - are seeing a pump in their price, as they offer an affordable way to get into the cryptocurrency markets in whole units.