Sentences with phrase «of affordable apartment units»

The mayor touted the number of affordable apartment units - 20,325 - as a one - year record, and far from anything seen in the city since Mayor Ed Koch's ambitious housing plans of the «80s.

Not exact matches

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.

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).

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.

Albany, New York, May 24, 2016 — New York State Homes and Community Renewal (HCR) and the New York State Office for People With Developmental Disabilities (OPWDD) joined Living Resources, Regan Development, The Community Preservation Corporation, elected officials, and partners to announce the opening of Lion Heart Residences in Cohoes, a new $ 16.4 million 72 - unit development that offers affordable homes for working families, as well as apartments with support services for people with developmental disabilities.

She applauded the mayor's two years of rent freezes for tenants in regulated apartments and his recent update to his plan to create or preserve 200,000 affordable housing units by 2024 to cover more low - income individuals, but wants the city to go farther.

New York State Homes and Community Renewal (HCR) joined Wilder Balter Partners, community leaders and residents to mark the dedication of Hemlock Ridge Apartments, 60 energy - efficient units of affordable housing in the Sullivan County hamlet of Livingston Manor.

The state - of - the art modern upgrades and repairs to the100 - unit Mitchell - Lama development will keep the apartments affordable for another 40 years.

May 5, 2016 - New York State Homes and Community Renewal (HCR) Commissioner James S. Rubin today announced the start of construction for the Joseph L. Allen Apartments, a new $ 17.9 million New York State funded 51 - unit affordable and supportive housing development in Schenectady's Hamilton Hill neighborhood.

Westchester County Board of Legislators Chair Ben Boykin said, «The Vienna Senior Apartments, and their 40 units of affordable housing, address a critical need for individuals 62 and older in our communities.

The following month, Phipps Houses, one of the city's premiere affordable housing developers, withdrew its rezoning application to build a 209 - unit apartment building in Sunnyside, Queens, retreating after it became clear that local Council member Jimmy Van Bramer could not be convinced to support the project.

The developer also reached a 40 - year agreement with the city's Department of Housing Preservation and Development to keep the units affordable and pledged to upgrade building security, lighting and apartment interiors.

Under the plan, the city would use public financing to help nonprofits buy roughly a third of the apartments currently used for the homeless, and then convert the apartments into affordable units, helping the mayor fulfill two goals: lowering homelessness and adding to the city's affordable housing stock.

Although Paul Travis, managing partner at Washington Square Partners, said they were willing to work with HPD and bring the total number of affordable apartments to 175 — out of the total 335 units — closer to what Councilman Ydanis Rodriguez was pushing to attain.

The number of apartments allowed to be built on a one - acre property doubled from 6 per acre to 12 per acre — with a 24 unit cap on each development — last year when the Town Board approved Mr. Russell's proposed code change aimed at encouraging affordable housing.

The city is accelerating its plan to build or preserve 200,000 units of affordable housing and boosting the end goal by 100,000 apartments, de Blasio announced.

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.

He also recommended that the building have more permanent affordable housing — beyond the 166 units of affordable apartments included in the current plan — and suggested some units be set aside for formerly homeless families.

The $ 3.338 million allows local development organizations to rehabilitate units while maintaining low rents for longtime locals — many of whom make between $ 25,000 to $ 45,000 a year, according to Ismene Speliotis, executive director of the Mutual Housing Association of New York, which owns and manages 526 affordable apartment in neighborhoods including Crown Heights, Bushwick, Brownsville and East New York.

In terms of forgiven taxes, the de Blasio administration estimates that its proposal would cut the subsidy per unit to less than $ 400,000, from nearly $ 600,000, and double the number of affordable apartments created under the program to 25,000, from 12,400, over the coming decade.

The developers are planning a 23 - story, mixed - use building that will set aside 30 percent of its 355 units as affordable apartments.

A special legislative committee of the Buffalo Common Council will hold a public hearing at 5:30 p.m. Tuesday on a proposed law requiring that new apartment developments set aside a certain percentage of their units as affordable.

Pass an ordinance prohibiting the reduction of apartment units in a building and the demolition of units in a building, or only allow it if the units are replaced by affordable apartments that are offered to the displaced tenants.

The developers wanted Silver — who wielded immense power in the lower house of the State Legislature — to extend a law giving tax breaks to developers of apartment buildings that include affordable units alongside luxury units.

Under the new plan, developers would have to set a quarter of the units aside for affordable apartments in return for city approval for a rezoning.

All of the units would be affordable, ranging from $ 864 for a studio to $ 2,610 for a two - bedroom apartment, according to documents filed with the City Planning Commission.

The city is accelerating its plan to build or preserve 200,000 units of affordable housing and boosting the end goal by 100,000 apartments, Mayor de Blasio announced Tuesday.

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

«I believe the report must include an affordable housing component in the policy,» said Poloncarz, who favors a certain percentage of apartment units being offered at lower rents.

If the 2,250 affordable units are not completed by the deadline, the developers will have to pay a penalty of $ 2,000 per month per apartment without a temporary or permanent certificate of occupancy, according to the joint venture's agreement with Empire State Development.

The DC Department of Human Services is seeking affordable apartment units for families currently experiencing homelessness.

This affordable Noosaville accommodation contains a mix of self - contained apartments with 1, 2, and 3 bedroom configurations in a small complex of 15 units, and the great thing is that there are no roads to cross to get to the water.

Motel Carnarvon offers the choice of affordable three and a half star motel units, refurbished in 2003 or luxury four star self contained one and two bedroom apartments, opened in October 2005.

Ward is just one of 20 artists who will show their work, which addresses social and political issues germane to Sugar Hill, in empty apartment units that will soon be the neighborhood's newest affordable housing.

A team of volunteers from the Polo Ralph Lauren Foundation are due to assist Habitat for Humanity install the insulation into a five storey South Bronx apartment (of eight affordable residential units) in New York City.

a full time property management position with a reputable and established company where I can apply my 30 + years of hands - on experience to the direct oversight of managing conventional or affordable multi-family residential apartment units.

Foxwood Apartments is a 100 - unit affordable multifamily housing property that benefits from a long - term Section 8 HAP contract covering 100 percent of the units.

Construction of Penelope 60 Apartments, a three - story, 50 - unit affordable apartment building for low - income seniors is under way in Mishawaka, Ind..

(Bloomberg)-- The Hidden Villa Apartments, a 61 - unit complex in Beaverton, Ore., is the kind of property investors love and affordable - housing activists ignore...

Inc. will soon complete construction of Thomas Place Gurnee, a $ 25.4 million, 100 - unit affordable senior apartment community in Gurnee, Ill..

In February, a nonprofit called Mercy Housing Lakefront opened 181 units of affordable rental apartments in a building that once housed Sears's catalog printing plant.

Under that increase, badly needed apartment buildings with units affordable to moderate - income households could, for the first time in years, be built in high - cost areas such as Boston and parts of the San Francisco Bay area.

Located at 257 Quincy St. in Brooklyn, the 21 - unit apartment building was acquired as part of a three - building affordable multifamily portfolio.

The three apartment buildings feature a mix of rent - stabilized and market - rate units, a structure which, according to Rosan, presents a strong opportunity to preserve affordable housing options in buildings with market - rate appeal and amenities.

One way to help reduce the shortage of designated affordable housing is to include a certain amount of income - restricted units in otherwise market - rate apartment developments.

Built between 1975 and 1989, renovations of the affordable apartments will average $ 30,000 per unit and will include both interior and exterior improvements.

Instead of paying the city directly, it funded 15 below - market - rate units in the apartment complex, guaranteeing the construction of affordable housing.

«The steady increase in inventory over the last few quarters, especially among the city's most affordable units, has continued through the start of 2018 and should leave renters more confident in their ability to find an affordable apartment,» said Joshua Clark, economist at HotPads.

The 136 - unit Pinewood Pointe Apartments has recently been refinanced by a $ 6.75 million Fannie Mae fixed - rate, affordable loan provided by Centerline Capital Group — a subsidiary of Centerline Holding Company.

Own a piece of a 143 unit «Naturally Occurring Affordable Housing» rental apartment community just outside D.C.