Sentences with phrase «new affordable housing stock»
This money would have gone a long way to address housing affordability issues either through targeted investments in new affordable housing stock or perhaps through investments in boosting rental housing construction.
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New York City has a rental control system designed to prevent the wealthy from exploiting the poor (with mixed results) and many other places in the U.S. have affordable housing system that creates some stock of affordable priced, price controlled housing at the expense of developer who want to sell market priced housing.
Last week, the group Sustainable Saratoga introduced a zoning amendment that would require new apartment developments to dedicate at least 20 percent of housing stock to «affordable» units.
As the largest investment in New York State's affordable housing stock in at least 15 years, House NY investments will keep thousands of low - and moderate - income Mitchell - Lama units affordable for another 40 years.
As the largest investment in New York State's affordable housing stock in at least 15 years, House NY will keep thousands of low - and moderate - income Mitchell - Lama units affordable for another 40 years.
The deal, as it stands right now, is wholly inadequate to protect New York City's fast dwindling stock of affordable housing.
The State's Mitchell - Lama housing stock has long served as an irreplaceable resource of quality, affordable housing for low - and moderate - income New Yorkers,» said Rafael E. Cestero, President and CEO of CPC.
«This growing trend (of short - term rentals) poses concerns for the City of New York — in particular, for our affordable housing stock and public safety,» the city's chief fiscal officer said in testimony he plans to submit before the City Council on Tuesday at a high - profile hearing on home - sharing.
«HDFC co-ops are a crucial part of the 31st Senate District's affordable housing stock, and the expansion of this program to help seniors and New Yorkers with disabilities stay in their homes is a welcome step towards preserving affordability in the area.
Lasher believes that preserving the existing affordable housing stock in the district, which has the highest number of regulated units in the city, is the answer to securing residences for low - income New Yorkers.
Peter Ward, president of the New York Hotel and Motel Trades Council, said Airbnb has been breaking laws with impunity for years, depleting affordable housing stock and threatening middle - class union hotel jobs «that are the backbone of New York's tourism economy.»
HCR Commissioner James S. Rubin said: «Preserving our existing affordable housing stock is as important as creating new developments.
Maintaining and expanding our affordable housing stock creates inclusive communities that are essential to keep Central New York's economy rising.»
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.
In New York City, the funding is used almost entirely for housing projects, and under a mayor who has promised to vastly expand the city's affordable housing stock by creating and preserving 200,000 units over a decade, that pattern was not going to change.
These funds will support the creation of 2,331 new units of housing of all types across sixteen projects, keeping in line with Borough President Diaz's commitment to keep the borough's housing stock diverse and affordable.
Hartzog touted the city's «targeted, prudent investments» in the new budget, including the expansion of pre-kindergarten for more three - year - olds in the city, efforts to increase the city's affordable housing stock, funding to protect tenants from construction harassment, increased capital funding for the New York City Housing Authority, spending on mental health services and the full rollout of the NYPD's body camera program, among othenew budget, including the expansion of pre-kindergarten for more three - year - olds in the city, efforts to increase the city's affordable housing stock, funding to protect tenants from construction harassment, increased capital funding for the New York City Housing Authority, spending on mental health services and the full rollout of the NYPD's body camera program, among housing stock, funding to protect tenants from construction harassment, increased capital funding for the New York City Housing Authority, spending on mental health services and the full rollout of the NYPD's body camera program, among otheNew York City Housing Authority, spending on mental health services and the full rollout of the NYPD's body camera program, among Housing Authority, spending on mental health services and the full rollout of the NYPD's body camera program, among others.
Klein presented policy proposals to preserve the nation's largest housing stock and increase the funding and construction of new affordable housing units for middle - income and low - income New Yorkenew affordable housing units for middle - income and low - income New YorkeNew Yorkers.
«The shrinking of affordable housing stock is driving up homelessness in New York City.
President Obama has announced a comprehensive plan to bring renewable energy and energy efficiency to households across the U.S. Among the initiatives just announced is the establishment of a Passive House track by New York State Homes and Community Renewal (HCR)...» to encourage a significant increase in the energy efficiency of New York's affordable housing stock».
«Strong demand for rental housing has opened up that segment to a new wave of capital investment, and the shortage of affordable housing in much of the country makes the stock of older homes an attractive option for buyers willing to in invest in upgrades.»
The real - estate - magnate - turned - politico said the aged affordable housing stock will create a need for partnerships between the mayor, the city government and developers, but he was confident he could increase the amount of quality affordable housing in New York.
There is little new affordable housing being built; current stock is in need of major renovation; and finances are of heightened concern for all parties.»
«Policy makers and the housing industry need to recognize that the face of homeownership in America has changed and it is in everyone's interest to ensure that these new consumers have access to relevant lending products, affordable housing stock and culturally competent service providers in the coming years,» Joseph Nery, president of NAHREP, said in a release.
«Policy makers and the housing industry need to recognize that the face of homeownership in America has changed and it is in everyone's interest to ensure that these new consumers have access to relevant lending products, affordable housing stock and culturally competent service providers in the coming years,» added Nery.
We believe projects like this serve to increase the stock of affordable housing in high costs areas such as New York,» says Ken Bacon, senior vice president of multifamily for Fannie Mae.