Sentences with phrase «of affordable rental housing for»

As part of the Tax Reform Act of 1986, the United States Congress created the Low Income Housing Tax Credit (LIHTC)(IRC Section 42) Program to promote the development of affordable rental housing for low - income individuals and families.

It will involve the new construction of 11 buildings and the rehabilitation of 14 existing one and two - family houses to create a total of 49 units of affordable rental housing for low income individuals and families.

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.

«Christy Clark has now called our housing market a «bubble» and finally admits there's a real affordability crisis for people and families, but her actions have done nothing to make the rental or purchase of a home more affordable,» Horgan said.

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

The mayor is still missing a new version of the 421a building tax credit — the gas for his affordable housing engine — but the rule changes have potential to permanently change both the city's rental market and its physical terrain.

The measure was seen as being squarely aimed at Airbnb, the popular online portal for short - term rentals, while lawmakers in favor of the bill insist it is meant to bolster and preserve affordable housing in New York City.

«Airbnb has flouted the laws that protect affordable housing for years, and now with new legislation to further crack down on the proliferation of illegal short - term rentals, I urge Governor Cuomo to send a strong message that New York prioritizes hard working New York families by signing this bill into law,» Van Bramer said.

Mount Vernon — The newly constructed La Porte Apartments located at 203 Gramatan Avenue is accepting applications for 159 affordable housing rental apartments in the city of Mt. Vernon.

«This growing trend (of short - term rentals) poses concerns for the City of New York — in particular, for our affordable housing stock and public safety,» the city's chief fiscal officer said in testimony he plans to submit before the City Council on Tuesday at a high - profile hearing on home - sharing.

Southold Town's Housing Advisory Commission has been thinking of ways to spend more than $ 400,000 the town has earmarked for affordable housing, but is «holding out» in case it's needed for a larger rental unit development, according to commission chair Rona Smith and government liaison officer Denis NonHousing Advisory Commission has been thinking of ways to spend more than $ 400,000 the town has earmarked for affordable housing, but is «holding out» in case it's needed for a larger rental unit development, according to commission chair Rona Smith and government liaison officer Denis Nonhousing, but is «holding out» in case it's needed for a larger rental unit development, according to commission chair Rona Smith and government liaison officer Denis Noncarrow.

«In the absence of 421a, there is an even more urgent need for all stakeholders to work together and create a program to produce affordable rental housing for New York City.

Assemblywoman Crystal Peoples - Stokes said: Bellamy Commons is an adaptive reuse win - win for its tenants and the surrounding community as it includes 30 units of affordable rental housing, a museum, and the local offices of the NAACP.

The federal government sets 30 percent as the upper limit for housing that's deemed «affordable,» meaning more than a third of Buffalo's residents can't really afford the rental housing... (read more)

The city has $ 98 million in contracts out with such building owners, who ironically are chipping away at the stock of affordable rental housing by repurposing their buildings for temporary quarters for the city's homeless.

Instead of large affordable housing complexes residents had pushed back against in the past, the supervisor also called for smaller rental housing developments no larger than 25 units scattered around the North Fork.

Members of Brooklyn - based VOCAL - NY said the governor isn't doing enough to back up pledges made in recent years to spend billions of dollars for affordable housing, shelters and rental subsidies.

It would extend the length of the abatements from 25 years to 35 years, mandate that all rental projects receiving the subsidy include affordable housing in their project and, like de Blasio's proposal, gives developers three options for affordability.

The fate of the bill was put in their hands by Cuomo and legislative leaders after the governor insisted any deal had to include wage guarantees for labor - a position the governor still holds despite the fact that no deal has been reached and there are concerns about the development of affordable rental housing in New York City.

The agency offers safe, fixed rate mortgages; rental assistance for low - income families and individuals; and financing for the development of quality, affordable rental housing.

Liberals: Start a new, 10 - year investment in social housing infrastructure, prioritizing affordable housing and seniors» facilities (including building more units and refurbishing existing units); encourage the construction of new rental housing by removing all GST on new capital investments in affordable rental housing; loosening the existing qualification rules for the Home Buyers» Plan to allow more Canadians affected by sudden and significant life changes to access their RRSP savings for a down payment; review escalating home prices in high - priced markets, including Toronto and Vancouver, and review all policy tools that could keep homeownership within reach for more Canadians.

Trudeau's plan includes a new, 10 - year investment in social housing, prioritizing affordable housing and seniors» facilities (including building more units and refurbishing existing units) as well as removing all GST for developers of new affordable rental housing projects.

In Colorado, over a quarter of the housing available is in the form of multi-family rental housing Effective Coverage, The Insurance Experts for Renters, provides Colorado Renters Insurance policies that are affordable and offer broad coverage.

With that money, Seattle will fund emergency rental assistance, loans to first - time home buyers and the construction of housing units that must remain affordable for at least 50 years.

The need for their altruism is real: According to the California Housing Partnership Corporation, Alameda and Contra Costa counties combined need 91,000 more affordable rental homes to meet the needs of our community.

An analysis by the National Low Income Housing Coalition estimates that there are only 22 affordable and available rental units for every 100 renters in Oregon with an income at or below 30 percent of the median family income.

Metro Orlando, long considered an affordable housing market, has the nation's greatest shortage of rentals for extremely low - income tenants, a new study shows.

Nixon Peabody is mentioned in this article for working with Silver Street Development Corp. to leverage the federal Rental Assistance Demonstration (RAD) program to increase the number of affordable housing units in a New Jersey senior housing community.

An exclusion of the 3 % second home surcharge from affordable private rental housing would encourage the provision of affordable housing for lower paid workers.

Community Housing Network, Inc. (CHN) provides safe affordable rental housing and linkage to supportive services for people disabled by mental illness, addiction disorders, and histories of homeleHousing Network, Inc. (CHN) provides safe affordable rental housing and linkage to supportive services for people disabled by mental illness, addiction disorders, and histories of homelehousing and linkage to supportive services for people disabled by mental illness, addiction disorders, and histories of homelessness.

As a matter of urgency, ACOSS called for Newstart and related payments to be increased, and investment in social housing and affordable rentals.

NHC is an umbrella organization for groups (including NAR) concerned about the availability of affordable housing for rental and homeownership.

Another recent report out of the National Low Income Housing Coalition (NLIHC) purports an inability for renters in every state, earning minimum wage and working 40 hours each week, to afford a two - bedroom rental, giving way to a shortage of 7.4 million affordable units for low - income renter households.

With markets slowing, U.S. localities might step up inclusionary zoning rules, which require developers to set aside a portion of their new rental or for - sale units for affordable housing.

And to be healthy, markets need a plentiful supply of affordable housing — rental and ownership — for all income levels.

Inclusionary housing emerged from the suburbs of Washington, D.C., in the early 1970s to meet two goals: Create affordable housing at low cost to local governments, and mix housing reserved for low - and moderate - income residents with higher - priced rentals and for - sale units.

Under the state's Private Housing Finance Law, the program provided for the creation of affordable housing, both rental and co-operatively owned, for middle - income resHousing Finance Law, the program provided for the creation of affordable housing, both rental and co-operatively owned, for middle - income reshousing, both rental and co-operatively owned, for middle - income residents.

«Strong demand for rental housing has opened up that segment to a new wave of capital investment, and the shortage of affordable housing in much of the country makes the stock of older homes an attractive option for buyers willing to in invest in upgrades.»

Created as part of the 1986 tax reform effort, the LIHTC, also known as the affordable housing credit, has been responsible for financing the development of more than 2.7 million rental homes.

Down payment assistance to eligible families that would otherwise not be able to afford home ownership Capital funding to develop rental at affordable rates Capital funding for essential repairs and renovations that improve the health and safety of residents living in social housing Rent supplements Grants to assist households who are homeless or at risk of homelessness with rent and utility arrears

Louis and Ryan discuss the impact of the earthquake and tsunami on the world economy; inflation, interest rates, the Fed and Bank of Japan action and the U.S. budget negotiations; the profile of home purchasers today; the paradox of government intervention to make «homes affordable for everyone»; the direction of the rental market, rent vs. buy ratios; the comparison of Fed action during the Volker years vs the Bernanke era; Charlie Sheen, oil prices; the direction of the dollar and other currencies race to the bottom; the status of the dollar as the world's reserve currency; the abandonment of the gold standard; the fate of fiat currencies; Utah's gold standard push; the actions states are taking to cut spending; the price of gold and silver and their role as stores of value; real estate vs. gold and silver as investments; the impact of shadow inventory on general inventory; the impact of the numbers of government workers and their salaries on the D.C. area housing market.

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This dynamic, coupled with the low statewide rental vacancy rate of 1.5 percent, creates an extreme demand for affordable units at the low end of the market that isn't met by current rental housing stock.

HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes; utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination, and transform the way HUD does business.

MCLEAN, VA --(Marketwired - Dec 7, 2017)- Freddie Mac (OTCQB: FMCC) today expanded its support for affordable housing with a new series of credit risk transfer securities backed predominantly by single - family rental (SFR) properties that are overwhelmingly affordable for low - income and working families.

The agency offers safe, fixed rate mortgages; rental assistance for low - income families and individuals; and financing for the development of quality, affordable rental housing.

Federal tax credit funding totaling nearly $ 4 million for eight multi-family affordable rental housing developments, which will produce or preserve more than 230 units around the state, was recently approved by the New Hampshire Housing Finance Authority (NHHFA) Board of Dirhousing developments, which will produce or preserve more than 230 units around the state, was recently approved by the New Hampshire Housing Finance Authority (NHHFA) Board of DirHousing Finance Authority (NHHFA) Board of Directors.

Rates and terms are competitive with the market, and this program offers the convenience and cost savings of a single source of financing for an affordable housing rental project.

The Low Income Housing Tax Credit (LIHTC) is the most effective tool for the creation of affordable rental hHousing Tax Credit (LIHTC) is the most effective tool for the creation of affordable rental housinghousing.

To meet the nation's growing need for affordable rental housing and homeownership opportunities, the National Association of Home Builders (NAHB) recently called on Congress to maintain its support for vital housing tax incentives, including the Low Income Housing Tax Credit, the mortgage interest deduction and real estate tax deduhousing and homeownership opportunities, the National Association of Home Builders (NAHB) recently called on Congress to maintain its support for vital housing tax incentives, including the Low Income Housing Tax Credit, the mortgage interest deduction and real estate tax deduhousing tax incentives, including the Low Income Housing Tax Credit, the mortgage interest deduction and real estate tax deduHousing Tax Credit, the mortgage interest deduction and real estate tax deductions.