Sentences with phrase «of affordable housing projects»

The Hindu reported that in the statement, «HDFC said it would also need capital to sponsor funds it has set up to invest in the equity and mezzanine debt of affordable housing projects, support capital requirements of its subsidiary companies as and when required and «capitalise on organic and inorganic growth opportunities in the affordable housing finance space».»

It accounted for half of the affordable housing projects in New York City over the last two years.

Developers of affordable housing projects can apply for several forms of state support or investment.

He said the mayor is prepared at any time to sit down and hash out plans, but for now, the current pipeline of affordable housing projects grandfathered into 421a should leave the city in good shape.

The single biggest issue of the campaign was the incumbent's support of an affordable housing project proposed for Glasco.

Not exact matches

Capital Impact Partners is among the largest of the roughly 1,000 CDFI's in the U.S., having invested $ 1.8 billion in senior care, affordable housing, education and public nutrition projects in distressed and low - income communities across the country.

The paper's estimates are conservative, since they don't count utility fees or the impact of project - specific agreements, in which local politicians ask builders to provide particular amenities (including affordable housing) in exchange for permits.

The clean - energy projects, which will install solar panels on affordable - housing projects, are expected to give investors a yield of between 4.5 % and 6.38 % over a 20 - year contract.

The budget dedicates $ 11.2 billion to cities and provinces for affordable housing over 10 years as part of the second wave of the government's infrastructure program, $ 5 billion of which is to encourage housing providers to pool their resources with private partners to pay for new projects.

«The building of more affordable housing projects in some markets could enable more first - timers to purchase,» says Dorris.

In addition to material and labor being more affordable (provided you're willing to put some sweat equity into the project), houses can be built in stages and added on to as resources allow — certainly a better option than taking out an overwhelming mortgage and racking up hundreds of thousands of dollars worth of debt.

The Cuomo administration announced $ 91 million in low - income loans and tax credits for 33 affordable housing projects, including $ 4.4 million to assist in the «adaptive re-use» of Albany's vacant Philip Livingston Magnet Academy.

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.

The rejiggered model will require a set amount of affordable housing in every project citywide receiving the abatement, as de Blasio sought.

Corey Johnson hedged the impact of his work on 470 Vanderbilt when, on his campaign website, he speaks of an «affordable housing related project.»

Senator Chris Jacobs said, «I would like to congratulate Regan Development on this stunning project that renovates an historic structure that will now provide more a affordable, high quality housing options for residents of the West Side of Buffalo.»

We spoke to Council Member James about what happened to the affordable housing component of the 470 Vanderbilt project.

The project advances the goals of Mayor Bill de Blasio's Housing New York: A Five - Borough, 10 - Year Housing Plan to create and preserve 200,000 affordable housing units over the next 10Housing New York: A Five - Borough, 10 - Year Housing Plan to create and preserve 200,000 affordable housing units over the next 10Housing Plan to create and preserve 200,000 affordable housing units over the next 10housing units over the next 10 years.

This project is a continuation of HELP USA's 30 - year commitment to developing affordable housing with targeted services that ensure people remain housed.

Crain's New York article on BP Adams unveiling affordable housing projects in Crown Heights and East Flatbush as part of his Faith - Based Development Initiative.

Masonry Services Inc. and its owners James Herrera and Jaime Herrera — who have both donated to Diaz Jr. — agreed to pay $ 600,000 in back wages and costs after Attorney General Eric Schneiderman investigated them for cheating workers out of the same sum on a taxpayer - funded affordable housing project for seniors in Brooklyn.

Such bonds function as an alternative to direct public financing of housing projects: Since interest income on PABs is tax exempt, investors are willing to buy them at very low interest rates, and this makes it relatively affordable for states, municipalities, and nonprofits to finance housing (and hospitals, infrastructure, and other public works) through the private capital market.

Right now, all new development that qualifies for 421 - a must set aside 20 percent of the project for affordable housing.

The St. Barnabas Wellness Care and Affordable Housing project, which will be developed by L+M Development Partners and Hornig Capital Partners, will create 314 affordable homes for low - income residents and incorporate more than 50,000 square feet of health and wellness space that includes a fitness area, an ambulatory care center, a pharmacy, and a teaching kitchen with produce grown on a rooftop farm; and offer comprehensive programs on smoking prevention, fitness, nutrition, stress reduction and liAffordable Housing project, which will be developed by L+M Development Partners and Hornig Capital Partners, will create 314 affordable homes for low - income residents and incorporate more than 50,000 square feet of health and wellness space that includes a fitness area, an ambulatory care center, a pharmacy, and a teaching kitchen with produce grown on a rooftop farm; and offer comprehensive programs on smoking prevention, fitness, nutrition, stress reduction and liaffordable homes for low - income residents and incorporate more than 50,000 square feet of health and wellness space that includes a fitness area, an ambulatory care center, a pharmacy, and a teaching kitchen with produce grown on a rooftop farm; and offer comprehensive programs on smoking prevention, fitness, nutrition, stress reduction and life skills.

Brown supports the idea of increasing mixed - use housing and affordable housing projects as the city develops.

«It will continue to stick New York City with the bill for billions of dollars in return for projects that produce little or no affordable housing,» she said.

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.

«To suggest that you can't have projects that do both, create good jobs and also create affordable housing, is just not even consistent with the mayor's own history,» said Paul Fernandes of the Building and Construction Trades Council.

This is a project that truly reflects the needs of the community, providing affordable apartments for people at a range of income levels, with services to those who require them in order to remain stably housed.»

«It is unprecedented to convert part of an existing economic development project that provides affordable housing and retail jobs for the purpose of building a casino which would obviously affect the social fabric of our community.»

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.

In 2012, David Herrera told DNAinfo that the project had been stopped due to financing issues, and that he'd seek to either develop market - rate housing instead of affordable, or sell the property.

(February 3, 2017) New York State Homes and Community Renewal joined Selfhelp Community Services, Broadway Mosholu LLC, Enterprise Community Partners, local leaders and project partners to celebrate the ribbon - cutting of the $ 26.4 million Van Cortlandt Green, an affordable housing development for low and middle - income seniors in the Riverdale community of the Bronx.

The largest purely residential development last year was in West Farms at 1932 Bryant Avenue, where the Association of New York Catholic Homes and Sav Enterprises are working on a $ 147 million 15 - story project with 319 affordable housing units.

The scale of the project will contribute significantly to the Bloomberg administration's plan, launched in 2003, to finance 165,000 units of affordable housing by the end of 2014.

The new project is expected to provide 600 units of permanent affordable housing on Manhattan's Far West Side.

Over the course of the approval process, Jamestown had made several concessions to city planning officials and opponents of the project, nixing a plan to build a hotel and earmarking money for affordable housing.

City neighborhood and development commissioner Paul Driscoll doesn't think there are any other housing projects like it in the city: a mix of market rate apartments with affordable apartments in one building.

Department of Housing Preservation and Development Commissioner Vicki Been said the subsidies for affordable units would go up due to wage requirements attached to the projects

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.

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.

President and CEO of Housing Visions Kenyon Craig said, «Housing Visions is proud to partner with New York State's HCR and OTDA, the City of Niagara Falls and the YWCA of Niagara to bring much needed neighborhood revitalization through the development of affordable housing with the Walnut Avenue Homes pHousing Visions Kenyon Craig said, «Housing Visions is proud to partner with New York State's HCR and OTDA, the City of Niagara Falls and the YWCA of Niagara to bring much needed neighborhood revitalization through the development of affordable housing with the Walnut Avenue Homes pHousing Visions is proud to partner with New York State's HCR and OTDA, the City of Niagara Falls and the YWCA of Niagara to bring much needed neighborhood revitalization through the development of affordable housing with the Walnut Avenue Homes phousing with the Walnut Avenue Homes project.

Highlights in this year's capital budget include $ 500,000 to New Destiny Housing to build units for survivors of domestic violence and $ 750,000 for Second Farms Affordable Housing, a project focused on finding quality housing for the formerly homeless in partnership with Catholic ChaHousing to build units for survivors of domestic violence and $ 750,000 for Second Farms Affordable Housing, a project focused on finding quality housing for the formerly homeless in partnership with Catholic ChaHousing, a project focused on finding quality housing for the formerly homeless in partnership with Catholic Chahousing for the formerly homeless in partnership with Catholic Charities.

More than a dozen dilapidated buildings have been demolished to make way for the project, part of the state's ongoing five - year, $ 20 billion plan to provide affordable housing across New York.

The Office of the Queens Borough President provides capital funding that can be used to fund large - scale projects, including but not limited to infrastructure improvements and affordable housing developments, and to purchase smaller - scale fixed assets, like computers, Smart - Boards for schools and meal delivery vehicles.

The Office of the Queens Borough President provides capital funding that can be used to fund large - scale projects, like infrastructure improvements, equipment, smaller scale fixed assets like computers, and affordable housing development projects.

«The City of Buffalo is pleased to continue its partnership with PUSH Buffalo by contributing funds that flow through the city for projects that provide safe and affordable housing options for members of our community,» said Mayor Byron W. Brown.

The Public Authorities Control Board, made up of one appointee each from the Governor and legislative leaders, would have the ability to veto individual affordable housing projects.

At the first of two press conferences today Mayor Bill de Blasio heralded the groundbreaking on Livonia Commons, an affordable housing development project in Brownsville.