Sentences with phrase «of affordable units in»

The report found a significant drop in the percentage of affordable units in seven of the nine states where Freddie Mac financed the most rental units.

Three weeks ago, De Blasio and the Real Estate Board of New York agreed on a proposal that would extend the program while demanding that developers set aside a percentage of affordable units in buildings that receive the benefit.

The new development would fall under the city's new Mandatory Inclusionary Housing program, which requires developers to include a portion of affordable units in some new construction.

Members said the rezoning plan is the first that has come before the community board since the approval of the city's Mandatory Inclusionary Housing plan, which requires developers to include a portion of affordable units in some new construction.

Cuomo announced he will advance legislation codifying into state law an agreement between organized labor and developers on a lucrative tax incentive program for developments that include a certain percentage of affordable units in New York City.

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.

In 2016, her team financed the construction and rehabilitation of 14,000 affordable housing units for low - income families and seniors in over 90 US citieIn 2016, her team financed the construction and rehabilitation of 14,000 affordable housing units for low - income families and seniors in over 90 US citiein over 90 US cities.

«There's a lot of literature that shows a lot of the time these fees don't result in a ton of units and that it's not the best way to address the affordable housing crisis.

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.

Whereas bitcoin has struggled with mainstream adoption as a unit of transaction, Litecoin appears to be making faster progress in terms of transaction speed and affordable fees.

A Special Fund of INR 2,000 crore has been set up in NABARD to make available affordable credit to agro processing units in the designated food parks,» she said.

Since then, we've had 6 straight years of IDC - Republican control of the Senate; that's 6 budgets where thousands were held unjustly in pre-trial confinement, nearly a hundred thousand units of affordable housing were lost, and millions of kids attended underfunded schools.

In addition, 216 of the affordable housing units at Kpone were allocated to the Ghana Police Service for completion.

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 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.

Curbed article on Borough President Adams applauding the announcement of Chestnut Commons, a new 274 - unit Passive House affordable housing development in East New York.

CityLand article on BP Adams recommending the approval of a land use application for the construction of 251 affordable units above a revamped local vendor market and community facility in Flatbush.

He has called on the city to create 5000 units of affordable housing, with 1000 designated specifically for seniors, in both Inwood and Washington Heights.

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.

In Albany, Cuomo touted his own affordable housing plan, which will dedicate $ 10 billion to the creation of 100,000 new affordable housing units statewide over the next five years.

Manhattan Borough President Gale Brewer said the city must make modifications to the plan to gain her support, such as the addition of «significantly more new affordable units,» a delay in the rezoning of the commercial district, and $ 7.5 in funding for anti-displacement programs.

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.»

Other initiatives discussed from the Dec. 14th agenda included Brad Hoylman speaking about the negotiations in the NYS Senate regarding the IDC; Laurie Hardjowirigo gave the Voter Reform Committee Report; Nat Johnson gave the Environmental Committee Report by stressing what was learned at the December 4 Future of Renewable Energy Forum; Erik Coler of Affordable Housing recapped the year's achievements by saying this year 42 units had been re-stabilized and he was hoping next year to add 90 more.

Take the recent battle in Albany over the expiration of rent regulation and 421a, which gives tax breaks in exchange for allocating some units as affordable 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.

One of the De Blasio administration's core initiatives is its Housing New York plan, created in 2014 with the goal of adding or preserving 200,000 affordable units for New Yorkers by 2022.

«What we all have in common is we help each other,» she said, crediting the success of the community, such as in the deal to retain 5,000 affordable units, to its tenants» organizational skills.

Albany, New York, May 24, 2016 — New York State Homes and Community Renewal (HCR) and the New York State Office for People With Developmental Disabilities (OPWDD) joined Living Resources, Regan Development, The Community Preservation Corporation, elected officials, and partners to announce the opening of Lion Heart Residences in Cohoes, a new $ 16.4 million 72 - unit development that offers affordable homes for working families, as well as apartments with support services for people with developmental disabilities.

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.

In a press conference Friday night, Cuomo said that the program also releases $ 2.5 billion to create 100,000 units of affordable housing and 6,000 units of supportive housing.

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 regulatioIn 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 regulatioin exchange for agreeing to keep rents affordable for a period of time, or even enter the units into rent regulation.

As the largest investment in New York State's affordable housing stock in at least 15 years, House NY investments will keep thousands of low - and moderate - income Mitchell - Lama units affordable for another 40 years.

She applauded the mayor's two years of rent freezes for tenants in regulated apartments and his recent update to his plan to create or preserve 200,000 affordable housing units by 2024 to cover more low - income individuals, but wants the city to go farther.

HCR is in the second year of the $ 1 billion House New York program, which creates thousands of new units over five years, and is the largest investment in affordable housing in at least 15 years.

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.

NIAGARA FALLS, NY - On May 12, 2015, Governor Andrew Cuomo announced that the adaptive reuse of the former South Junior High School in Niagara Falls (561 Portage Road) into a 61 - unit mixed - income affordable housing development is moving forward with a $ 6.4 million award from New York State Housing and Community Renewal.

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.

In 2014, HCR set an agency record by financing the creation or preservation of 9,363 affordable housing units, including affordable homeownership opportunities for more than one thousand families.

«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.

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.

As the largest investment in New York State's affordable housing stock in at least 15 years, House NY will keep thousands of low - and moderate - income Mitchell - Lama units affordable for another 40 years.

Last month, Cuomo launched a $ 20 billion, five - year plan to combat homelessness and advance the construction of affordable housing in New York State — supported by the release of $ 2.5 billion in capital funding delivered in the fiscal year 2018 budget, which he said will establish and preserve more than 110,000 units of affordable and 6,000 units of supportive housing over the next five years.

Since then, its work has expanded to 14 cities in upstate New York and Pennsylvania where more than 1,400 units of affordable housing and over $ 300 million in community investment have improved countless lives and neighborhoods.

New York State Homes and Community Renewal (HCR) joined Wilder Balter Partners, community leaders and residents to mark the dedication of Hemlock Ridge Apartments, 60 energy - efficient units of affordable housing in the Sullivan County hamlet of Livingston Manor.

«It erodes the longtime partnership between the City of New York and the owners of rent - stabilized units that ensure affordable housing for millions of New Yorkers,» he said in a statement.

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.