Sentences with phrase «percent as affordable housing»

Under the existing code, any development of five housing lots or more must set aside 20 percent as affordable housing.

Not exact matches

At Pratt, he led many successful community - planning efforts, as well as campaigns to expand affordable housing and create NYC's «inclusionary zoning» program, which requires developers seeking tax breaks to set aside 20 percent of their units for low and moderate income families and pay a living wage to their service workers.

Nearly 11 million American households pay over half of their income in rent despite the fact that the Department of Housing and Urban Development (HUD) defines «affordable housing» as housing costing below 30 percent of a family's income foHousing and Urban Development (HUD) defines «affordable housing» as housing costing below 30 percent of a family's income fohousing» as housing costing below 30 percent of a family's income fohousing costing below 30 percent of a family's income for rent.

Currently, the 421 - a program requires developers to set aside 20 percent of their projects as affordable housing — but only in certain parts of the city.

«How is it that a community with a need as great as ours has not even received 1 percent of the affordable housing built in Manhattan?»

Developers of these buildings will also be required to set aside between 25 and 30 percent of units as affordable housing, in accordance with suspended legislation that's been held up in Albany.

NEW YORK CITY — Illegal hotel complaints increased 62 percent last year because short - term rental sites such as Airbnb are violating the law, hurting efforts to provide affordable housing and placing the safety of legal tenants at risk, elected officials said Tuesday during a marathon City Council hearing.

Affordable housing is defined by the federal government as costing less than 30 percent of household income.

The federal government sets 30 percent as the upper limit for housing that's deemed «affordable,» meaning more than a third of Buffalo's residents can't really afford the rental housing... (read more)

18 pecent of voters say that gun shows at the Westchester County Center as their top issue, with 13 percent citing jobs and the local economy, 10 percent citing affordable housing, and 7 percent choosing the impending closure of the Indian Point Energy Center.

The city's plan, including Mandatory Inclusionary Housing, would require any new development to set aside at least 25 percent of units as permanently affordable hHousing, would require any new development to set aside at least 25 percent of units as permanently affordable housinghousing.

«So we're getting extended affordability, and one of the prices that we're also demanding for that is they give 5 percent more of their units as affordable,» said Vicki Been, commissioner of the Department of Housing Preservation and Development.

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.

Under the city's Mandatory Inclusionary Housing program, the partners would set aside 20, 25 or 30 percent of the units as affordable housing, though they haven't yet decided on which option tHousing program, the partners would set aside 20, 25 or 30 percent of the units as affordable housing, though they haven't yet decided on which option thousing, though they haven't yet decided on which option to take.

Fifty percent of respondents reported housing as a «very important» social issue, and «very likely» expect to support affordable housing causes by volunteering time, attending events, championing the issue on social media or contributing money.

Nationally, 44 percent of respondents categorized the lack of available affordable housing as a very big or fairly big problem.

There is also greater concern about affordable housing among the working class (65 percent) than for public servants such as teachers, firefighters or police (55 percent).

Despite the rising prices commonly frequently seen in walkable areas, those communities are inherently more affordable since individuals living in walkable areas usually spend about 43 percent of their income on housing and transportation, as opposed to those living in non-walkable areas, who spend about 48 percent.

Forty - four percent of respondents report the lack of affordable housing in their community as a «big» or «fairly big» issue.

Salt Lake City takes the lead in the top 10 for not only having the highest millennial share in its population (15.8 percent), but also having the third most affordable housing costs as a share of income (30 percent) and the lowest unemployment rate (2.9 percent).

The entire property serves as affordable housing to families earning at or below 60 percent of the area median income.

More than 50 percent of unmarried and non-white Americans view the lack of available affordable housing as a big problem, compared to only four in ten of married and white Americans.

Throw in other types of non-bank lenders, such as Los Angeles - based Mesa West Capital, a privately - held portfolio lender with a capital base of over $ 4 billion, and Red Mortgage Capital, a multifamily and affordable housing lender that's a subsidiary of Tokyo - based financial services group Orix Corp., and what you get is total non-bank origination that came to about one - third (34 percent) of loan originations in our sample.

Indianapolis - Carmel, Ind., and Syracuse, N.Y. were tied as the nation's most affordable major housing markets as 93.3 percent of all new and existing homes sold in this year's third quarter were affordable to families earning the areas» median incomes of $ 65,100 and $ 65,800, respectively.

Syracuse, N.Y., was the nation's most affordable major housing market, as 93.7 percent of all new and existing homes sold in this year's first quarter were affordable to families earning the area's median income of $ 67,700.

Nationally, 44 percent categorize the lack of available housing that is affordable as a very big or fairly big problem.