Sentences with phrase «on affordable housing developers»

Meanwhile at the New York State Association for Affordable Housing's conference, de Blasio called on affordable housing developers to pressure Albany to pass a reformed 421a before the legislative session ends in June.

Not exact matches

A multi-family apartment owner and developer that focuses on providing professionally managed workforce housing designed to enable middle - market renters to enjoy the benefits of living in Boston at affordable rents.

«We have worked closely with the developers to maximise the affordable housing offer on this important site,» Councillor Ken Clark, chair of the strategic development committee said at the time the plans were announced.

On the developer side, REBNY president John Banks III said in a statement that the group «remain [s] committed to working with stakeholders» to establish an affordable housing program but that a prevailing wage requirement was untenable.

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. 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.

«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.

And, when I need, to I'll stand up to developers on delivering affordable housing, ensuring that the London Plan is amended with a 50 % target for affordable homes and measures to ensure that Londoners, not overseas investors, always get first dibs on the homes we build.

I'll establish Homes for Londoners, a new in - house developer at City Hall, led by me, working with councils and private developers to lever in funding and get thousands of new affordable and market homes built on spare public land and brownfield.

The messy end of session also includes agreements on short extenders — one additional year for mayoral control of the New York City schools, and a six month extension of a tax break for real estate developers who build some affordable housing.

The de Blasio administration is set to announce BFC Partners, Dunn Development and the West Side Federation for Senior and Supportive Housing as the private developers that will construct nearly 500 affordable and senior apartments on three properties leased from the New York City Housing Authority.

Heastie said there are also agreements on an affordable housing tax credit for New York City developers and a proposal to raise the age of criminal responsibility from 16 to 18.

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.

The developers had sought a 23 - story height cap, in exchange for 50 percent affordable housing, but settled on up to 17 stories maximum in which it would develop 175 affordable apartments.

Sanders also called on local governments to «demand more» from developers who receive government subsidies, saying affordable housing units should not return to market value rents after 10 to 20 years as is often done.

This has been achieved through both our affordable housing supply programme, which is on track to surpass our 30,000 affordable homes target, and schemes such as Help to Buy (Scotland) and the Small Developers Scheme, which will support the purchase of over 7500 homes by March 2016.

«Instead of reaching out to union leaders to gain consensus on an affordable housing program that ensures middle - class wages for workers, (de Blasio) coordinated with a lobbying group — led by billionaire developers — to run an anti-union campaign that would lead to unsafe job sites and a low - wage workforce,» The Greater New York Laborers - Employers Cooperation and Education Trust and the New York City and Vicinity Carpenters Labor Management Corporation said in a joint statement.

The Cuomo administration wants to add oversight to the city's affordable - housing bonds, a measure the city fears will slow development and cause uncertainty among developers — and imperil the top item on the mayor's agenda.

The new deal on tax cuts to incentivize affordable housing construction by downstate developers isn't called 421 - a, but rather «Affordable New Yoaffordable housing construction by downstate developers isn't called 421 - a, but rather «Affordable New YoAffordable New York.»

Less drastic, but more surprising, are conditions in an apartment building on E. 162 St. that led to a tenant protest against one of the city's biggest developers and managers of affordable housing.

Meanwhile, Mary Serafy, the director of design for affordable housing developer BRP Development, will be one of two members who represent owners» interests on the board.

In a letter to union leaders, affordable housing developers proposed opening discussions on a plan that would see some organized construction workers accept lower wages for work on below - market rate housing.

By Paul Snyder Madison leaders are hung up on the strings to attach to a $ 4.1 million pot of city money for affordable - housing developers in the city.

In a survey of developers and housing agencies, the New York State Association for Affordable Housing found that 2,935 units of affordable housing currently on the drawing board have been placed in limbo by the inability of Cuomo and lawmakers to reach a deal on how to dole out the $ 2 billion before the Legislature's session ended lasthousing agencies, the New York State Association for Affordable Housing found that 2,935 units of affordable housing currently on the drawing board have been placed in limbo by the inability of Cuomo and lawmakers to reach a deal on how to dole out the $ 2 billion before the Legislature's session ended lAffordable Housing found that 2,935 units of affordable housing currently on the drawing board have been placed in limbo by the inability of Cuomo and lawmakers to reach a deal on how to dole out the $ 2 billion before the Legislature's session ended lastHousing found that 2,935 units of affordable housing currently on the drawing board have been placed in limbo by the inability of Cuomo and lawmakers to reach a deal on how to dole out the $ 2 billion before the Legislature's session ended laffordable housing currently on the drawing board have been placed in limbo by the inability of Cuomo and lawmakers to reach a deal on how to dole out the $ 2 billion before the Legislature's session ended lasthousing currently on the drawing board have been placed in limbo by the inability of Cuomo and lawmakers to reach a deal on how to dole out the $ 2 billion before the Legislature's session ended last month.

Despite the qualifier, it represented a change of position for Espada who, in a September session with reporters in his office, said he didn't support repealing the vacancy decontrol and instead wants to focus on creating more incentives for developers to construct affordable housing.

By Sean Ryan A fickle affordable - housing market is telling developers to find the right location or the tax credits that pay for projects will be worth little more than the paper they're printed on.

On 421a, the mayor sided with the industry — and against Governor Andrew Cuomo — by arguing that affordable - housing developers should be allowed to use non-union contractors during certain phases of construction.

Williams, who is currently focused on running for City Council speaker, said as Cuomo helped resurrect a lucrative affordable housing tax credit for rich developers, the city and state have lost thousands of rent - regulated apartments.

Many affordable housing developers are listed as giving money to Cuomo according to his campaign filings that came in on May 29, 2014 — including three that gave $ 25,000.

In addition to its affordable housing proposition, the developer had intended to bring a new four - story building nearby, but that proposal seems to be on hold as well.

CIVIC CENTER — The city is «under budget» and «ahead of schedule» on its affordable housing goals, officials said on Tuesday — but because of Gov. Andrew Cuomo and Albany's inaction on restoring the popular 421 - a tax break for developers, crucial elements of their housing plan are «definitely at risk.»

Experts say the loss of 421 - a could also greatly hinder the mayor's recently - approved Mandatory Inclusionary Housing plan, which largely relied on the tax breaks to make it easier for developers to build housing that includes affordableHousing plan, which largely relied on the tax breaks to make it easier for developers to build housing that includes affordablehousing that includes affordable units.

Mr. Cuomo, his usual negotiating aura escaping him, could not find a final resolution on a program intended to encourage developers to create more affordable housing.

He also sits on the boards of two key state housing agencies, including the Housing Finance Agency, which provides financing to for - profit and not - for - profit developers to build affordable housing projects across thehousing agencies, including the Housing Finance Agency, which provides financing to for - profit and not - for - profit developers to build affordable housing projects across theHousing Finance Agency, which provides financing to for - profit and not - for - profit developers to build affordable housing projects across thehousing projects across the state.

He also asked why Mayor de Blasio would not have insisted on a rezoning in the area to require affordable housing in the new projects (the developers are voluntarily setting aside 25 % of their units for affordable housing in exchange for tax benefits).

He reintroduced an idea that he proposed in February of this year — to use some of the land on the more than 1,100 vacant lots the city already owns to build affordable housing, creating a land bank and land trust that would partner with nonprofit affordable housing developers to build what Stringer has estimated could amount to 57,000 units of affordable housing citywide.

The developer — which hired lobbyist James Capalino to engage with City Hall aides — plans to demolish two buildings on the site and either build a luxury condo building or a series of apartment towers that would include affordable housing.

The developer is in contract to buy the property and build housing and retail on it, including 165 apartments, 41 of which would be affordable.

De Blasio responded that he was «taking on the real estate industry and winning,» and pointed to policies like mandatory inclusionary housing (MIH), a city policy that requires developers to set aside affordable apartments in market - rate buildings in rezoned areas.

The development, known as Astoria Cove, is viewed as a coup by the de Blasio administration and left - leaning City Council members — a about - face on the part of City Councilmembers occasioned by a 7 percent increase in the amount of affordable housing housing to built — and an agreement to use organized labor during the construction phase, even as speculation builds that the developer, Alma Realty, could flip the property and some activists question whether enough affordable housing will be built.

The plan, she explained, would mandate standard minimum infrastructure and funding contributions — for pubic benefits including schools and affordable housing — on all developers.

In the end, new rent rules were approved, but lawmakers punted on renewing a program, known as 421A, that gives tax breaks for developers who build affordable housing.

The Empire State Development Corporation inserted a clause into its lease proposal with Ratner that would allow the developer to bail on the construction of 2,250 affordable units, by claiming that such construction would be «subject to governmental authorities making available... affordable housing subsidies,» the Brooklyn Paper reported.

There was also a mutual disappointment in the governor's office and in City Hall over the lapsed tax break and development program known as 421 - a, which the governor had urged developers and unions to negotiate on last year, and which Mr. de Blasio looked to restart in order to support the creation of affordable housing in the city, a bedrock promise of his first term.

Church groups are investing in affordable housing, while developers are capitalizing on under - developed land.

Advised NYC - based affordable housing developer Hudson Valley Property Group on its joint venture to acquire a 1,000 + unit housing portfolio in New Jersey

We also advise developers on the affordable housing aspects of mixed use developments.