Sentences with phrase «of affordable apartments under»
Not exact matches
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.
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New York State Homes and Community Renewal (HCR), the Office of Temporary and Disability Assistance (OTDA), and Southern Tier Environments for Living (STEL) joined local partners to dedicate Evergreen Lofts, an under - utilized industrial building in Buffalo that now has 56 energy - efficient affordable apartments in an LGBTQ - friendly setting and supportive housing for formerly homeless persons with chronic medical conditions.
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.
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.
FRM was among the first companies to manage privately owned apartment developments under the National Housing Act of 1961 and pioneered the concept of providing resident services programs at its affordable properties in 1975.
Construction of Penelope 60 Apartments, a three - story, 50 - unit affordable apartment building for low - income seniors is under way in Mishawaka, Ind..
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.