Sentences with phrase «percent affordable apartments»

And since they purchased the properties, both developers have been dragging their heels in complying with Read Property Group's pledges to hire local residents, build 24 percent affordable apartments and to build three bedroom apartments, according to community advocates and local City Councilman Antonio Reynoso's office.

Not exact matches

For example, Fort Lauderdale apartment rents are already less affordable than in most large U.S. cities and up by nearly three percent in the last year.

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).

Local apartment rents increased, the eviction rate was a bit higher than the state average and about 14 percent of Manchester's housing was labeled affordable last year, according to a recent report from the town planning department.

Last week, the group Sustainable Saratoga introduced a zoning amendment that would require new apartment developments to dedicate at least 20 percent of housing stock to «affordable» units.

The Rent Guidelines Board says most tenants in rent - stabilized apartments spend more than 30 percent of their income on rent and utilities, which is the federal standard for affordable housing.

Less than 1 percent of the apartments listed on the real estate website are affordable to a new graduate who wants to live alone with a average salary of $ 51,000, which is currently the national average for recent graduates, according to the National Association of Colleges and Employers.

The newly constructed four - story Vienna Senior Apartments are located at 250 Theodore Fremd Avenue, are 100 percent affordable, and feature 28 one - bedroom apartments and 13 two - bedroom aApartments are located at 250 Theodore Fremd Avenue, are 100 percent affordable, and feature 28 one - bedroom apartments and 13 two - bedroom aapartments and 13 two - bedroom apartmentsapartments.

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.

It was unclear if there would be limits put in place on which condos can receive the abatements, which typically give 25 - year tax breaks in exchange for setting aside 20 percent of each project for affordable apartments.

The developers are planning a 23 - story, mixed - use building that will set aside 30 percent of its 355 units as affordable apartments.

The apartment building will be 100 percent affordable, and 12 apartments will be set aside for formerly homeless families, he said.

HPD officials told developer Avery Hall Investments in June that it would support the developer's proposal as long as 25 percent of the apartments were affordable, officials said.

Department of Housing Preservation & Development officials argued that the new, affordable apartments would have a 50 percent preference for those living within the community district.

The JDS project will contain 165 rent - regulated apartments out of 660, while 25 percent of apartments will be affordable in the L+M and CIM Group project.

All those changes to the program, including the requirements that between 25 percent and 30 percent of new rental projects include «affordable» apartments, would not apply to projects that start construction before January.

Rent is considered affordable when the median rent of a one bedroom apartment is less than 30 percent of a teacher's starting salary.

With an extremely low rental vacancy rate hovering around 0.5 percent and an expensive real estate market, it is notoriously difficult to find an affordable rental apartment in Vancouver.

Foxwood Apartments is a 100 - unit affordable multifamily housing property that benefits from a long - term Section 8 HAP contract covering 100 percent of the units.

For - profit developers have also used tax - exempt bond loans and 4 percent LIHTCs to create buildings that mix new affordable housing with luxury apartments, especially in high - rise developments like New York City.

In California, 56 percent of apartments were affordable for low - income families at first financing, compared to 10 percent upon second financing.

According to a new report by Freddie Mac, the number of apartments deemed affordable for very low - income families across the United States fell by more than 60 percent between 2010 and 2016.

In Florida, the number of affordable apartments dropped from 60 percent to 39 percent.

In North Carolina, the percentage of affordable apartments dropped from 10 percent to 0.3 percent — mostly in the greater Charlotte area.

The number of apartments deemed affordable for very low - income families across the United States fell by more than 60 percent between 2010 and 2016, according to a new report by Freddie Mac.

The apartments are meant to be affordable for working seniors who earn 30 percent to 60 percent of the median income in Stanislaus County.