Sentences with phrase «of market rate apartments»

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.

Not exact matches

The projects were marketed in China, and thousands paid deposits for apartments that cost as much as double the rate per square meter of homes for Malaysian buyers in Johor Bahru.

Forest City, understandably focused on quarterly results and mindful of the surplus of market - rate apartments around Downtown Brooklyn, said in November 2016 that it had revised the project schedule, but didn't reveal details.

The fellowship rents many of these apartments at below - market rates as a service to the community.

In a rare victory for landlords, the New York Court of Appeals ruled they had acted properly in pushing up rents when they converted thousands of regulated apartments to market - rate units.

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.

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.

The report compares several projects by the de Blasio administration to the Aspen, an early Bloomberg - era development and venture between Ms. Glen and L&M that included half market - rate apartments, and half that were affordable units at either 50 or 130 percent of the city's so - called area median income (currently about $ 86,000 for a family of three).

On Tues., Mar. 20th, during its full Executive Committee meeting, CB12 formally passed the resolution that sought to limit the New York City Economic Development Corporation's large - scale plan for rezoning great expanses of Inwood that would include high - rise, market - rate apartment buildings.

Further, landlords strenuously opposed the tenant - friendly increase of decontrol thresholds — the amount of monthly rent above which apartments can go market rate, from $ 2,000 a month to $ 2,500, and the raising of the tenant - income limit from $ 175,000 to $ 200,000.

Also at 11 a.m, NYC Councilman Andy King and Bronx residents rally to oppose the opening of a homeless shelter that was initially promoted as a market rate apartment building for middle - income working families, 3677 White Plains Road, Bronx.

The building would provide one -, two - and three - bedroom apartments for tenants from a mix of income brackets, with sliding - scale rents ranging from near - market rate to significantly below.

They called for the elimination of a loophole that lets landlords boost rent by 20 percent when tenants vacate a rent - stabilized apartment, as well as a rule that removes units from rent regulations once the rent gets high enough, allowing units to go to market - rate prices.

Rep. Brian Higgins encountered anger and frustration from some Commodore Perry public housing tenants when he held a press conference there to tout his idea of renovating rows of empty, rundown apartments into low - and moderate - income units — and perhaps some market - rate housing, as well.

According a study released this year entitled «Out of Reach,» from The National Low Income Housing Coalition, which was cited in the report, the fair market rental rate for a two - bedroom apartment in Rockland County is $ 1,424.

One of the proposals would develop a new building to include senior - focused, market - rate housing in 60 apartments, new and expanded facilities for Lifelong, and professional office space.

They have criticized the measure, which would up the vacancy decontrol threshold for when apartments re enter the open market by just $ 200, to a rate of $ 2700 a month.

The de Blasio administration already received $ 300 million during the first half of the calendar year and was hoping for at least $ 200 million more to finance construction of below market - rate apartments.

11:00 AM — CM Andy King and Bronx residents rally to oppose the opening of a homeless shelter that was initially promoted as a market rate apartment building for middle - income working families, 3677 White Plains Road, Bronx.

The Erie County Industrial Development Agency approved tax breaks Ellicott Development's plans to renovate a century - old former General Electric Co. warehouse where Busti Avenue and Niagara Street intersect along Sinatra & Co.'s proposal to renovate the former Phoenix Brewery building on Ellicott and Virginia streets and Paul Kolkmeyer's concept of transforming the former Stanton Building at 251 Main St.. All are anchored by market rate apartments.

Mr. de Blasio warned that only days remain before the end of the legislative session — and before New York City's rent stabilization and rent control laws expire, which could leave roughly one million regulated apartments open to becoming market rate.

Current plans for the 138,00 - square - foot building on Bedford Avenue and Union Street would allow developers at BFC Partners to build a recreation facility inside the armory; market - rate and affordable rental apartments on top of the existing structure; and a row of private condominiums BFC would own and, presumably, sell.

The program would raise revenue for repairs and capital projects by permitting building of market - rate apartments on the grounds of eight different public housing projects in Manhattan.

The Rent Stabilization Association advocates a slow turnover of stabilized apartments to market - rate, rather than a wholesale switch, Strasburg said.

An increase in the rent threshold at which apartments become market - rate, indexed to rise each year, is a step forward, but it only slows the bleeding — and is well short of de Blasio's target, ending vacancy decontrol completely.

Silver has also been a longtime advocate for affordable housing, negotiating rent protections for 3,500 residents of Battery Park City's Gateway Plaza as the building's owner has tried several times to turn the apartments market - rate, residents said.

Brooklyn District Attorney Ken Thompson today announced that two Brooklyn landlords have been indicted on unlawful eviction and other charges for allegedly forcing or attempting to force rent - stabilized tenants out of their homes by allegedly destroying their apartments and making them uninhabitable in an effort to destabilize the apartments in order to collect significantly higher market - rate rents.

Through partnerships with a number of private landlords and the city, CLOTH was able to place all 32 families in market - rate apartments.

He also added a dig of his own at the de Blasio administration's already - underway effort to construct new affordable housing at the development, a crucial part of the mayor's ambitious plan to create or preserve 200,000 below - market rate apartments.

A pair of Buffalo projects that would turn abandoned school buildings into a 53 market - rate apartments are getting tax breaks from the Erie County Industrial Development Agency.

Once completed, the redevelopment will provide a hotel, approximately 192 units of affordable and market rate residential rental apartments and approximately 25,000 square feet of commercial retail space and approximately 25,000 square feet of cultural arts space.

«If you're going to build 80 percent market - rate apartments in a community of low - income, no one is going to be able to afford it so what you're doing is you're building a segregatory plan,» said Lena Melendez.

The building's nine upper floors will contain a mix of affordable and market - rate apartments, ranging in rent from about $ 500 to $ 2,000 per month, said HDC president Marc Jahr.

The council is aiming to vote on March 22 on ZQA and Mandatory Inclusionary Housing, which would require below - market - rate apartments in rezoned areas of the city.

The state's expiring rent regulations could get the same treatment — though the new Assembly speaker, Carl Heastie, says he's going to make a stand for tenant - friendly changes like the repeal of «vacancy decontrol,» which allows landlords to charge market - rate rents after an apartment's price rises above $ 2,500 per month.

De Blasio has proposed changes including ending «vacancy decontrol,» which allows an apartment to become market - rate after the rent passes $ 2,500, and making rent increases from renovation costs temporary instead of permanent.

The mayor will push for construction of 160,000 new market - rate apartments in addition to more affordable units.

The city is counting on the bonds to help it create 80,000 new below - market - rate apartments by 2024 — one of the mayor's top goals.

Mr. Wright's proposal was a reaction to the mayor's plan to build 17,000 new apartments, 3,500 of them market rate, on authority greenspaces, parking lots and playgrounds — and use the resulting revenues to prop up the entity's moribund finances.

Young Development, responding to a Request for Proposals (RFP) in October of 2016, put forth a mixed - use project that includes a 17,000 square foot library with 1,400 square feet of retail space and 44 market - rate apartments.

Fair market rentals in Juneau primarily consist of 2 bedroom, 1 bathroom apartments and are offered at the market rental rate in Juneau.

Because con - artists often use a strategy of pricing fake apartments at rental rates that are well below market value, explains RentalScams.org.

For stock market investors the Earnings Yield on a common stock is the equivalent of the Cap Rate on an apartment building investment.

As a result, while the percentage of renters living in market rate apartments with renters insurance has increased over the past five years that number has not increased substantially in subsidized housing.

Generally speaking, unlike market rate apartments, owners of subsidized apartments are not able to implement a lease provision mandating that tenants purchase renters insurance.

- again many 4 star self - contained apartment hotels cater to this market and we have some very good long stay rates (usually for stays in excess of 28 nights)

Port douglas is the perfect getaway for kids and parents alike, with everything from adrenaline - filled rainforest adventures and awe - inspiring wildlife tours to top - end eateries and bustling local markets stay at saltwater luxury apartments in the heart of port douglas for 3 nights and get 25 % off our best rates!

The brightest sector, he said, is residential, with an increasing number of the upper floors in former commercial buildings being converted into market - rate apartments and condominiums for those drawn to living in revitalized downtowns with cultural amenities like Mass MoCA.

Some apartments in the 55 - unit building have rents of $ 900 per month, but most will go at market rates, up to $ 2,910 for a furnished, 355 - square - foot unit.

Kiln Apartments (also in Portland) was designed with the aim of being the most energy efficient market - rate apartment building possible.