Sentences with phrase «percent of the affordable housing units»

Ten percent of the affordable housing units will be available to households earning 40 percent of the area median income or below.

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.

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.

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.

The modified proposal sets aside 75 percent of the market's ground floor retail space for food - related businesses and also ensures the creation of 150 units of affordable housing at Chelsea's Robert Fulton Houses.

In a statement released Tuesday, Stringer claimed that the new affordable housing units created under the rezoning plan would in fact be unaffordable for 55 percent of East New York's current residents, and that the market rate units would be unaffordable for 84 percent.

The program also played into what de Blasio considers his biggest success yet in forcing developers to include affordable housing; the 1,723 - unit Astoria Cove project along the Queens waterfront, where 27 percent of the units are to be available at below market - rate rents.

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.

Committee Chairman David Greenfield noted that the 27 percent of units set aside for below - market rents is the largest affordable housing percentage agreement in city history.

Developers in Manhattan and parts of Brooklyn and Queens are required to set aside 20 percent of newly created housing for «affordable» units while developers elsewhere — roughly 84 percent of the city's landscape — can get the benefit without building any affordable units.

Twenty percent of the rental units included in the current design plan are considered affordable housing, and a 750 - seat school is slated to be included in the development.

In this city, if you take the thirty percent of the people who are homeless and working and give them a real affordable housing unit, I mean a real, low - income affordable housing unit, that's how you reduce the homeless in this city.»

The New York State Association for Affordable Housing was floating a plan to give a 100 - percent exemption to properties with four or more units for 60 years, in exchange for an undefined amount of affordable housing, according to the Association for Neighborhood and Housing DeAffordable Housing was floating a plan to give a 100 - percent exemption to properties with four or more units for 60 years, in exchange for an undefined amount of affordable housing, according to the Association for Neighborhood and Housing DevelHousing was floating a plan to give a 100 - percent exemption to properties with four or more units for 60 years, in exchange for an undefined amount of affordable housing, according to the Association for Neighborhood and Housing Deaffordable housing, according to the Association for Neighborhood and Housing Develhousing, according to the Association for Neighborhood and Housing DevelHousing Development.

The vice chair of the community board's housing committee Xavier Santiago abstained from voting, saying he has asked the developer to set aside 50 percent of the units for affordable housing.

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.

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.

Mr. Wright, however, was hazier on the details of how to reconcile such a moratorium with Mayor Bill de Blasio's plan to construct and maintain 200,000 units of affordable housing, which hinges in part on re-zonings and outlays for upper - income construction that devotes 20 percent new units for low - and middle - income earners — a plan Mr. Wright said he was «very much in support of.»

«While the inclusionary program, which requires private developers to build developments with 20 percent affordable units, will generate of thousands of units, the biggest piece of the plan will be investments in existing affordable housing buildings and insuring people are able to stay there for the long term,» Cestero said.

ROEM Corporation has just completed construction on 134 units of affordable housing that will be available to households below sixty percent of the County's median income.

An analysis by the National Low Income Housing Coalition estimates that there are only 22 affordable and available rental units for every 100 renters in Oregon with an income at or below 30 percent of the median family income.

ROEM Corporation has just completed construction on 134 units of affordable housing that will be available to households below sixty percent of the County's median income.

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.

Forest City dedicated 20 percent of the property's units to affordable housing.

Even more important, it would include thousands of residential units — with 15 to 20 percent deemed «affordable» — to a region starved for housing.

This dynamic, coupled with the low statewide rental vacancy rate of 1.5 percent, creates an extreme demand for affordable units at the low end of the market that isn't met by current rental housing stock.

In the second quarter of 2016, the average affordable housing market rent for the 45 markets tracked by Reis was $ 849 per unit, a 1.0 percent increase from the previous quarter.

Officials at Bellwether Housing, the city's largest nonprofit manager of affordable housing, at 2,000 units, report a vacancy rate of 1 pHousing, the city's largest nonprofit manager of affordable housing, at 2,000 units, report a vacancy rate of 1 phousing, at 2,000 units, report a vacancy rate of 1 percent.

CoStar identified 5.5 million units of naturally occurring affordable housing — or 36 percent — within the multifamily rental market.