Sentences with phrase «of affordable housing developer»

Not exact matches

Real estate developers are under pressure in China to refurbish older properties for rental purposes to ease a supply shortage in the market for affordable housing, says Peter Churchouse of Portwood Capital.

There's no one universal model for these policies, but they generally involve one of two things: a requirement that developers either make a certain percentage of their housing units available at below - market rates, or that has them pay a fee into a fund for affordable housing.

A chance meeting with New York developer Stephen Ross led to the founding of The Related Group, which started off making affordable housing but today specializes in high - end condominiums.

A multi-family apartment owner and developer that focuses on providing professionally managed workforce housing designed to enable middle - market renters to enjoy the benefits of living in Boston at affordable rents.

And most of all, don't increase those Affordable Housing Opportunity Fund fees developers would pay for opting out of building affordaAffordable Housing Opportunity Fund fees developers would pay for opting out of building affordableaffordable units.

The developers of Pacific Park face some risk; the amended development agreement imposes a 2025 deadline for 2,250 affordable housing units, nearly 1,470 of which remain to be built.

Our comprehensive array of capabilities includes acquisition, construction and permanent financing for public and private developers and investors; agency financing for multifamily and seniors housing properties; and debt and equity capital for the affordable housing industry.

This deal marks the Garment District - based investment firm's first partnership with Rose, one of the top affordable housing developers in the city.

The federal government was the main source of subsidy in the «60s and «70s, offering for - profit developers below - market interest rates and tax incentives to build and maintain affordable housing.

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.

«We have worked closely with the developers to maximise the affordable housing offer on this important site,» Councillor Ken Clark, chair of the strategic development committee said at the time the plans were announced.

Also at 10:30 a.m., Westchester County Executive George Latimer will be joined by the state Homes and Community Renewal commissioner, community leaders, affordable housing advocates and the developer of Vienna Senior Housing for a ribbon - cutting ceremony, celebrating the opening of affordable senior housing, 250 Theodore Fremd Avehousing advocates and the developer of Vienna Senior Housing for a ribbon - cutting ceremony, celebrating the opening of affordable senior housing, 250 Theodore Fremd AveHousing for a ribbon - cutting ceremony, celebrating the opening of affordable senior housing, 250 Theodore Fremd Avehousing, 250 Theodore Fremd Ave., Rye.

The joint venture with the anti-poverty Robin Hood Foundation and affordable housing developer Enterprise Community Partners, called «Come Home NYC,» would help connect 300 of the 60,000 families using the city's shelter system each night with permanent below - market rate apartments.

Two real estate developers hired the law firm to represent them in tax challenge cases in return for Silver allegedly backing the renewal of state tax incentives for developers of large housing projects that include affordable units, according to federal charges.

-LSB-...] program, which housing advocates see as a giveaway to developers, previously required developers to market affordable units to residents of the surrounding -LSB-...]

At an earlier community forum, Johnson took credit for having forced the developer to increase the level of affordable housing to be built from 20 % to 26 %.

At Pratt, he led many successful community - planning efforts, as well as campaigns to expand affordable housing and create NYC's «inclusionary zoning» program, which requires developers seeking tax breaks to set aside 20 percent of their units for low and moderate income families and pay a living wage to their service workers.

The new Affordable New York Housing Program lets developers of rental apartment buildings off the hook for property taxes for 35 years.

Currently it mandates developers who build in rezoned areas of the city pick from one of three options for affordable housing: 25 percent of their units rented to those making, on average, 60 percent of the Area Median Income, 30 percent at 80 percent of the AMI or 30 percent at 120 percent.

But one issue not included is the continuation of the 421a affordable housing tax credit program for developers.

Mr. de Blasio, in pursuit of his goal to build or preserve 200,000 units of affordable housing in a decade, wanted Albany to renew the tax credit but require all developers getting it to build affordable housing, no matter where their development was, and also wanted the program to include a mansion tax on sales of residences worth $ 1.75 million or more.

The governor again echoed complaints from building trade unions that the mayor's plan would not obligate developers to pay prevailing wages to construction workers, wages Mr. de Blasio and the Real Estate Board of New York would be too expensive and would make large scale affordable housing construction unfeasible.

Shephard said that Mayor Bill de Blasio's plan to greatly expand the city's number of affordable housing units provides an opportunity for developers to incorporate solar and clean energy into lower - income neighborhoods.

In her testimony before the Council, Ms. Glen noted that the 421a credit — a frequent target for liberals — is available for most projects across the city, but developers are only required to include any affordable housing in their buildings in the so - called «geographical exclusion area» covering just 16.5 percent of the city.

The program, which housing advocates see as a giveaway to developers, previously required developers to market affordable units to residents of the surrounding neighborhood before the rest of the city.

«We also must tell Albany that they have got to stop the hemorrhaging of affordable housing units in New York State and we have to cut off the spigot of those who just go to Albany and serve the developer unit and then come back home and talk about the crisis that's been going on,» she said.

Meanwhile, the new 421 - a program, which gives a tax break to developers in exchange for affordable housing, no longer helps residents of the community where the project is built.

A bill to repeal the vacancy allowance has languished in the State Assembly for years, but some see an opening to inject the issue into negotiations over the renewal of a tax exemption for developers who build affordable housing.

I'll establish Homes for Londoners, a new in - house developer at City Hall, led by me, working with councils and private developers to lever in funding and get thousands of new affordable and market homes built on spare public land and brownfield.

The former Teamster was an ally of ex-Mayor Michael Bloomberg, and found a surprising opponent in Mr. de Blasio — a friend of the minority - dominated service sector and public employee unions — who said he believed building the most affordable housing possible was more important than making sure developers paid union wages.

The messy end of session also includes agreements on short extenders — one additional year for mayoral control of the New York City schools, and a six month extension of a tax break for real estate developers who build some affordable housing.

The city's Department of Housing Preservation and Development is looking for a developer to build up to 225 affordable housing units and 68,000 sqHousing Preservation and Development is looking for a developer to build up to 225 affordable housing units and 68,000 sqhousing units and 68,000 square...

Critics today, including members of the de Blasio administration and some developers, say that the current program often stimulates luxury housing more than affordable units.

Heastie said there are also agreements on an affordable housing tax credit for New York City developers and a proposal to raise the age of criminal responsibility from 16 to 18.

The 421 - a tax credit that gives developers a tax break for setting aside 20 percent of a building for affordable housing will continue for four years.

In a statement, the de Blasio campaign said, «Bill de Blasio has put forward the most comprehensive affordable housing plan of any candidate for Mayor — one that will create or preserve 200,000 units of affordable housing and require developers to build more permanent affordable units.

But the biggest change to the project was a requirement that the developer shift 30 percent of its proposed $ 17 million donation to the High Line Improvement Fund — roughly $ 5.1 million — to affordable housing projects in the neighborhood.

He's reduced taxes and debt twice, continued to make water quality a signature issue, and addressed his long - standing concerns over the lack of affordable housing on the East End by working with developer Georgica Green Ventures and community members to gain town board approval for a 38 - unit workforce housing project in Speonk.

Developers argue the tax break is necessary for the city to build affordable housing and meet Mr. de Blasio's ambitious construction goals, especially as the cost of land skyrockets.

Developers Washington Square Partners and Acadia, who own the Sherman Plaza site and had sought the increased height limits in exchange for a plan to include affordable housing in its development, said they were saddened to hear of the vote.

For more than a year, the 421a abatement that saves developers big in taxes and creates some affordable housing has been unavailable for new development projects, following a sunset of the previous law in January of 2016.

As one of the largest faith - based developers of affordable housing in the country, Catholic Charities provides 2,900 units of housing for low - income seniors, families, and the formerly homeless and formerly homeless veterans throughout Brooklyn and Queens.

Greenfield said he thinks MIH will eventually live up to the promise of giving developers more certainty about what they can expect when it comes to rezonings and affordable housing.

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.

New York City Mayor Bill de Blasio came to Albany to meet with Cuomo and legislative leaders to push for reform and renewal of the city's rent control laws — which impact around two million people — and a related property tax break for developers who set aside some of their new dwelling s for affordable housing.

Currently, the 421 - a program requires developers to set aside 20 percent of their projects as affordable housing — but only in certain parts of the city.

Despite deep resistance from the neighborhood and elected officials, the de Blasio administration has thrown its support behind the developer's rezoning plan in hopes of bringing more affordable housing to the city, a key part of the mayor's agenda.

The program also played into what de Blasio considers his biggest success yet in forcing developers to include affordable housing; the 1,723 - unit Astoria Cove project along the Queens waterfront, where 27 percent of the units are to be available at below market - rate rents.

This has been achieved through both our affordable housing supply programme, which is on track to surpass our 30,000 affordable homes target, and schemes such as Help to Buy (Scotland) and the Small Developers Scheme, which will support the purchase of over 7500 homes by March 2016.