Sentences with phrase «middle income housing»

it makes possible the construction of middle income housing in rural areas that have not seen investment in their housing stock in many years or decades.

Our plan also revitalizes public housing with vital upgrades and repairs while holding NYCHA accountable, enhances funding for much - needed middle income housing and provides increased housing support for our seniors and other vulnerable populations.»

Middle Income Housing: $ 150 million will help preserve Mitchell - Lama buildings and other middle income buildings which provide affordable housing to individuals like teachers, bus drivers and firemen.

Funding for the approximately $ 40 million redevelopment project comes from several sources including: New York State Homes and Community Renewal's Housing Finance Agency (HFA) provided $ 20.73 million of tax - exempt bond financing, a $ 5.27 million New Construction Capital Program low interest subsidy; HFA Middle Income Housing Program loan of $ 2.76 million and a 4 percent Low Income Housing Tax Credit annual allocation of just over $ 1 million which leverages nearly $ 10 million of Low Income Housing Tax Credit equity.

Not exact matches

Other possible factors that officials said could negatively affect the economic outlook included «persistent weakness in the housing sector, a continued slow rise in household income, or spillovers from developments in the Middle East and Ukraine.»

The move drew fire from Democrats and other critics, who said it showed the Republican White House was aligned with Wall Street, not middle - income Americans.

The White House, with its big promise to help create jobs and raise incomes for the middle class, might have taken note.

California is one of the most expensive housing markets in the country, and that's prompting a wave of migration, particularly among lower - and middle - income residents, who are heading to cheaper states.

The report focuses on a concept called the «Missing Middle» which refers to people who are currently priced out of Greater Vancouver's housing market, such as new families, middle - income earners, seniors, and empty - neMiddle» which refers to people who are currently priced out of Greater Vancouver's housing market, such as new families, middle - income earners, seniors, and empty - nemiddle - income earners, seniors, and empty - nesters.

And by that we mean bring an end to double - digit price gains, bring about a steep correction in house prices to levels the city's lowly middle - class incomes can afford, bring about an end to staggering household debt levels and ultimately, bring about the end of housing as the economy's engine of growth?

The California Housing Finance Agency (HFA) offers below - market interest rate programs for low - and middle - income first - time homebuyers applying for their first mortgages.

«The House Republican tax reform plan abandons middle - class taxpayers in favor of high - income Americans and wealthy corporations.

An influx of 50,000 Amazon workers could force more lower - wage and middle - income workers from the city and put more pressure on housing prices and congested roadways.

The stagnation of wages among low - and middle - income families and rising costs, of housing in particular, has led to record levels of consumer debt.

Their housing plan focuses on working with local governments to create diverse housing type and tenure, which are key themes in our upcoming report on housing and the «missing middle», and we are pleased to see attention given to a broad range of housing solutions including those suited for middle income earners.

White House salesmen Gary Cohn and Steven Mnuchin did their own damage by defending cuts for the wealthy and vastly overstating middle - class income.

The budget laid out by Mayor Bill de Blasio, Council Speaker Melissa Mark - Viverito and members of the City Council designates funds for crime prevention in public housing developments, enhanced services for inmates, free school lunch for middle schoolers, child care for low - income families, and...

Washington (CNN)-- A day after divided Senate Democrats had to delay a pre-election vote on renewing tax cuts due to expire at the end of the year, House Speaker Nancy Pelosi Friday still didn't rule out a House vote on extending tax breaks for middle - income Americans before voters go to the polls.

The new regulations, agreed upon last month as part of a much bigger budget compromise between legislative leaders and the governor, will do little to halt the erosion of middle - income housing in New York City, and are more dangerous to landlords in principle than in practice.

But Scott M. Stringer, the Manhattan borough president, expressed concern that the «conflation of luxury development and good strong public housing stock» means that «that the borough is becoming a place for very, very wealthy people and enclaves for poor people and that middle - income people are finding it impossible to stay here.»

You gloss over the fact that because the House bill would eliminate several tax brackets, many middle - income earners will be bumped to a higher bracket.

The key to comprehending the 23rd CD is to understand that about 50 % of the district's voters live in garden apartment co-ops, which are middle - income housing units mostly owned by the occupants.

Diaz Jr.'s office said the capital budget money, which is controlled entirely by the borough president's office, was allocated to MJM because they proposed a project — middle - income units, a spokesman said — in line with the office's goals, and said the developer was vetted by the Department of Housing Preservation and Development.

Together, we must ensure that low - income and middle class New Yorkers have access to affordable housing in all five boroughs,» said Public Advocate Letitia James.

De Blasio took the side of developers, insisting such a wage requirement would make it too expensive to build low - to middle - income housing — his ultimate goal in reforming 421 - a.

Based on his affordable housing credentials and his apparent commitment to getting more low and middle income units built in central Brooklyn, Mr. Williams won the endorsement of the Working Families Party, which will presumably wage an intensive street effort to get their man into office.

The $ 41 billion Housing New York: A Five - Borough, Ten - Year Plan is the most expansive and ambitious affordable housing agenda of its kind in the nation's history, and Mayor de Blasio pledged it would reach New Yorkers ranging from those with very low incomes at the bottom of the economic ladder, all the way to those in the middle class facing ever - rising rents in their neighboHousing New York: A Five - Borough, Ten - Year Plan is the most expansive and ambitious affordable housing agenda of its kind in the nation's history, and Mayor de Blasio pledged it would reach New Yorkers ranging from those with very low incomes at the bottom of the economic ladder, all the way to those in the middle class facing ever - rising rents in their neighbohousing agenda of its kind in the nation's history, and Mayor de Blasio pledged it would reach New Yorkers ranging from those with very low incomes at the bottom of the economic ladder, all the way to those in the middle class facing ever - rising rents in their neighborhoods.

Despite declining median middle class incomes, for instance, the report shows that housing costs continue to rise in the city, with rents up by more than 6 percent and condos up a whopping 47 percent since 2001.

Middle - income housing is essential to support our economy and workforce, which increasingly can not afford to live in our city.

(February 3, 2017) New York State Homes and Community Renewal joined Selfhelp Community Services, Broadway Mosholu LLC, Enterprise Community Partners, local leaders and project partners to celebrate the ribbon - cutting of the $ 26.4 million Van Cortlandt Green, an affordable housing development for low and middle - income seniors in the Riverdale community of the Bronx.

As lawmakers prepare for the state budget waltz, the state Senate and Assembly on Wednesday began to preview their one - house budget proposals, which are set to include a 25 percent income tax cut for middle class New Yorkers, a SUNY tuition freeze and «parity» between upstate and downstate transportation funding.

«The 432 units of middle - income housing will serve an often - overlooked segment of the population in need of appropriately priced housing to remain within the city limits,» said Gotham president David Picket.

She was referring to a proposal Cuomo included in his budget in January to add two layers of approval to the process of allocating federally tax - exempt bonds, which are used to create low - and middle - income housing in New York City and economic development projects elsewhere in the state.

A top question from a user called Jeff with 10 votes is: «What specific actions will you take to ensure that future residential real estate development creates new housing for middle - income households, not just wealthy ones?»

ALBANY — After a two - hour debate that touched on climate change and several anti-Semitic incidents at the City University of New York, Republicans in the state Senate endorsed a one - house budget resolution that shifts costs to New York City, increases aid for public schools and cuts taxes for middle - income New Yorkers.

Adam's vision would bring a housing mix that is 50 percent market rate, 30 percent middle and 20 percent low - income.

When the Council finally approved the fee in May, state Sen. Simcha Felder got a bill passed in the upper house effectively preventing the fee, which he calls onerous to low - and middle - income New Yorkers.

The city must carefully consider this possible impact, especially in light of the need for more housing affordable to middle - and lower - income New Yorkers.»

The de Blasio administration has quietly changed its housing plan, adding new requirements that will cater to lower income tenants and reduce units set aside for the middle class.

Both Senate and House tax bills were written by Republicans mindful of their middle - class constituents, many with incomes low enough to yield no benefit from itemizing.

As the statewide housing crisis continues, low - and middle - income families can not afford any further delay.»

While most New Yorkers scratch and scape to afford the city's sky - high housing costs, a group of millionaires has found an underhanded way to take advantage of a major middle - income - apartment program and pay minuscule rents, a state audit determined.

RIP Jerry Birbach, a Queens firebrand whose struggle to block a proposed low - income housing project in his Forest Hills neighborhood in 1972 augured a white middle - class backlash to the liberal urban agenda and helped propel the late former Gov. Mario Cuomo's political career.

It's an unmentioned irony that if government wasn't in the business of ordaining public life to some extent, massive middle - income housing blocks like this one wouldn't exist and the Brownstone Republicans might be squeezing into one of their members» own homes.

Leaders in both the State Senate and the Assembly have been trickling out details of their one - house documents this week; yesterday, Republicans who control the Senate outlined a plan to cut income taxes for middle - class New Yorkers.

While most New Yorkers scratch and scape to afford the city's sky - high housing costs, a group of millionaires has found an underhanded way to take advantage of a major middle - income - apartment program and pay minuscule rents.

«With so many state - funded projects at risk, The real impact is on thousands of low - and middle - income New Yorkers who may never see the new affordable housing they desperately need,» said Association President Jolie Milstein.

The Department of City Planning presented its plan to Community Board 6's housing committee on Tuesday, as part of an ongoing review process, sparking concerns from residents that it would give preference to low - income residents and leave those making middle incomes out in the cold.

He attempted to strike a middle ground on the controversial issue of development in The Bronx, stressing that both affordable housing and mixed - income housing are necessary to make the borough a better place to live.

EAST WILLIAMSBURG — The board of one of the city's largest middle - income housing co-ops, Lindsay Park, is being investigated by the Brooklyn District Attorney's office, according to locals and a law enforcement source.