Sentences with phrase «of affordable units built»

MIH mandates that a percentage of affordable units built in rezoned neighborhoods must be affordable to households of certain earnings - for example, one option sets aside 20 % of units for those earning an average of 40 % of AMI, or about $ 31,00 for a family of three.

Not exact matches

This lack of suitable housing led to the creation of the Alley Dwelling Authority in 1934, a federal housing agency that built affordable and sanitary housing units.

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.

In the government's press release about BCHP, they highlighted their $ 855 million commitment to build 4,900 desperately needed units of affordable housing.

Seattle's goal is to raise $ 75 million from taxes, three - fourths of which will be used to build 1,800 affordable housing units in the city.

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.

This small building maybe used as a rental unit of housing or as a place to work; it may also be properly regarded as an example of private sector affordable housing.

We can build hundreds of units of affordable housing (a good thing by the way) and people still might not have homes.

The plan makes housing accessible and combats homelessness by building or preserving more than 100,000 units of affordable housing — enough to house every resident in the City of Buffalo.

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.

Under the plan negotiated between the mayor and the Real Estate Board of New York, or REBNY, buildings with profitable luxury units would have a smaller share of affordable housing.

Two of the seven buildings — and a total of 480 units — are slated to be affordable.

The team effort of the City of Buffalo, Governor Cuomo's team and HCR and ESD, Regions Bank, JPMorgan Chase Bank and CPC has allowed for the development and repurposing of the building into 53 affordable rental units being made available to Buffalo and Erie County families, including eight units for incoming international refugee families looking for a new start in Buffalo.»

Meanwhile, urgency is clearly building for some program that incentivizes the development of housing, especially affordable units.

The plan makes housing accessible and combats homelessness by building and preserving more than 100,000 units of affordable housing and 6,000 of supportive housing.

This development will transform a building that is part of the city's past to 147 units of affordable housing that will both enhance downtown's revival and spur nearby redevelopment.»

He is the only one who will raise taxes on the wealthy to fund universal pre-k and after - school programs that keep our kids safe; the only one who supports the full package of reforms to end a stop - and - frisk era defined by racial profiling; and he has the boldest plan to build or preserve nearly 200,000 units of affordable housing.

The plan makes housing accessible and combats homelessness by building and preserving 112,000 units of affordable housing, including 6,000 of supportive housing.

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.

Mr. Cuomo also refused to say if he considered Mr. de Blasio's ambitious plan to create or maintain 200,000 units of affordable housing feasible, and said he did not know if he would speak at a planned rally of building trades workers in Albany next week.

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.

Mayor Bill de Blasio today unveiled a $ 41.1 billion affordable housing plan that city officials touted as the most ambitious in the city and nation's history, and which aims to build and preserve 200,000 units of affordable housing over the next 10 years.

In an interview with the Observer Monday afternoon, Ms. Been said that the city will try to work with building owners to help pay for energy efficiency overhauls or capital improvements in exchange for agreeing to keep rents affordable for a period of time, or even enter the units into rent regulation.

The award is part of $ 141 million the Governor announced to build and preserve 2,160 affordable housing units across the state.

While many of the details of the plan were vague or left to be determined, City Hall intends to focus extensively on mandatory inclusive zoning, which forces developers to build affordable units in new developments — but officials said that the proportions would be determined on a zone - by - zone basis over the years to come.

Based on his affordable housing credentials and his apparent commitment to getting more low and middle income units built in central Brooklyn, Mr. Williams won the endorsement of the Working Families Party, which will presumably wage an intensive street effort to get their man into office.

Critics note that the current program only requires developers to include affordable units if their buildings are in the «Geographic Exclusion Area» covering less than 17 percent of the five boroughs, and that it costs the city upwards of $ 1.1 billion in foregone revenues.

I applaud the Mayor's far - reaching 10 - year plan to build and preserve 200,000 affordable housing units throughout our city, and the Church in all boroughs of New York City looks forward to continuing to work with NYC and Mayor de Blasio to help achieve this important affordable housing goal,» said His Eminence Timothy Cardinal Dolan, Archbishop of New York.

«But 80 percent of those units are not going to be affordable for the people in the communities where they're being built.»

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 square...

The newest affordable housing complex in the city is now open for residents, as sponsor Regan Development Corp. completed its $ 17.3 million makeover of the former Buffalo Milk Co. building on the West Side into new residential units.

Some of Dinkins» accomplishments include creating the city's Economic Development Corporation, launching the «Safe City, Safe Streets» initiative, which many credit with putting New York City on the path toward its recent record crime lows and building many units of affordable housing.

The mayor has said his proposed changes will help him reach a goal of building 80,000 new units of affordable housing, and preserving another 120,000, over the next decade.

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.

The $ 145.3 billion spending plan increases school aid next year by just under $ 1 billion (which school boards say is not enough) and over the next five years commits to build thousands of units of affordable housing for the homeless, contribute $ 8.3 billion to the Metropolitan Transportation Authority, spend $ 22 billion on upstate roads and bridges, cut taxes for small businesses and create a rebate for Thruway toll payers.

The housing bonds, known in the industry as «bond cap» or «volume cap,» are responsible for a significant chunk of the affordable housing built in New York City — 17,000 of the roughly 40,000 units the city has created over the past two years.

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 Charities.

(May 1, 2017) New York State Homes and Community Renewal (HCR) and the Office of Temporary and Disability Assistance (OTDA) joined Housing Visions, elected and local leaders and development partners to dedicate Walnut Avenue Homes in the City of Niagara Falls, a 41 - unit development of seven new buildings and the adaptive re-use of another that is providing affordable housing for low - income households and the formerly homeless.

On topic questions included whether the administration plans to increase low - income affordable housing production, what actions are required for the administration to count a unit of housing as «preserved», whether housing built with 421 (a) tax credits anywhere in the City should require affordable units, how the de Blasio administration counts housing underway at the end of the Bloomberg administration toward its goal, what was done in this housing complex to «preserve» these units, whether units counted as «preserved» are always on a 30 year agreement, the annual average of 20,000 units created or preserved as set forth in the mayor's ten year goal of 200,000 such units and how money was spent on the 17,000 units created or preserved in 2014.

HCR is committed to collaborating with partners, and keeping homes affordable and communities strong by protecting one million rent - regulated units, managing a portfolio of more than 190,000 multifamily units and administering more than $ 1.5 billion each year to expand affordable housing opportunities and build strong communities throughout New York State.

They preferred a 17 - story building with 355 units, half of which they agreed to make affordable in response to Rodriguez's demands.

He pointed to his support of adding more affordable housing to the controversial Rheingold Brewery site and a state tax break for Knickerbocker Commons, 217 Wyckoff Ave., a new affordable building with 24 units.

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.

De Blasio has delivered on several of his big first term promises — expanding prekindergarten, raising the city's minimum wage, and building new affordable - housing units.

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.

As previously reported, the city's public advocate slammed Quinn's proposed property tax cap for buildings that pledge to reserve a certain percentage of units for affordable tenants.

But just a few months later, Mandatory Inclusionary Housing, which is both the most dramatic of those changes and the linchpin of the mayor's ambitious goal to build 80,000 units of affordable housing in the next 10 years, has encountered major stumbling blocks, calling into question its efficacy as an engine of change.

A pricier affordable housing program Last month, the mayor announced that his affordable housing program — which set out to preserve or build 200,000 affordable units by 2024, was two years ahead of schedule.

De Blasio says he needs 421 - a in order to reach his goal of building 80,000 affordable units.

It also includes $ 125 million in credits to create and preserve affordable rental properties in New York State — which brought applause from Mayor Bill de Blasio, who has an ambitious plan to build and maintain 200,000 units of below - market housing citywide.