Sentences with phrase «new affordable units»

With respect to developing new affordable units, it is difficult to keep up with demand.

The mayor said he sympathizes with residents» concerns about gentrification, development and displacement but echoed his longstanding argument that there are two options: either «do nothing» and watch rents increase and people get displaced or «do something» and at least create new affordable units when developers build luxury housing.

Thus, the San Francisco Bay Area reaped the greatest number of new affordable units, as they had first rolled out their policies respectively in 1973 and 1974.

Bronx Borough President Ruben Diaz Jr. announced today that his office has allocated more than $ 7 million in capital funds for 10 housing developments across The Bronx, creating more than 1,500 new affordable units in neighborhoods across the borough.

Manhattan Borough President Gale Brewer said the city must make modifications to the plan to gain her support, such as the addition of «significantly more new affordable units,» a delay in the rezoning of the commercial district, and $ 7.5 in funding for anti-displacement programs.

The four decade - old credit, which offered relief from increased tax assessments on new construction, lapsed in January, imperiling the mayor's mission to construct some 80,000 new affordable units by 2024.

«I'm thrilled that this piece of the Essex Crossing project is bringing nearly a hundred new affordable units for seniors, medical facilities, and a new home for Grand Street Settlement to the neighborhood.»

The 20,000 - plus, which includes both new and preserved units, is a big first step toward the de Blasio administration's plan to build 80,000 entirely new affordable units and preserve another 120,000 over the next ten years.

«A rezoning done the right way offers the opportunity to create many new affordable units, including units affordable to low - income East Harlem residents, while actually reducing the effects of gentrification and reinvigorating neighborhood small businesses and retail,» Brewer said in a statement.

Households in East Harlem's poorest zip code, 10035, earn an AMI of just $ 24,000, which critics say puts new affordable units out of reach.

Mayor Bill de Blasio, who remains focused on reducing income inequality, is seeking the construction of 80,000 new affordable units over the next 10 years.

That's invited pushback from neighborhood groups that shun new affordable units, as well as from local developers.

It is even more difficult to incentivize developers to create new affordable units as these deals typically yield smaller margins in terms of ROI than conventional development.

The final plan was approved by the City Council last year after tense closed - door negotiations between elected officials, and includes reconstruction of the Brooklyn Heights Library, a new library for DUMBO and Vinegar Hill, 114 new affordable units in Clinton Hill and a new STEM lab for District 13 students.

Through a rezoning of the Harlem River waterfront, we can open up opportunities to create an abundance of new affordable units.

The 45 new affordable units will be divided among 6 newly created buildings and 2 rehabilitated historic buildings.

These new affordable units, office space and childcare center will improve the quality of life for residents.

Those sites could hold roughly 2,000 new affordable units.

The San Francisco metro area saw just over 9,000 new affordable units created in the course of more than three decades, and the D.C. area gained a little more than 15,000 in the same time frame.

MANHATTAN — Mayor Bill de Blasio wants to change some of the city's existing zoning regulations as part of his 10 - year plan to create 80,000 new affordable units of housing and preserve another 120,000.

De Blasio's Housing New York plan aims to build about 80,000 new affordable units and preserve another 120,000 by 2024.

The city released new data on Tuesday showing progress made on its «Housing New York» initiative, which aims to build 80,000 new affordable units and preserve another 120,000 over the 10 years following Mayor Bill de Blasio taking office in 2014.

The new affordable units will go up near Somerset Street and Booth Street.