Sentences with phrase «preserve affordable rental»

Create and Preserve Affordable Rental Housing: While homeownership is recovering, middle class and poor renters are facing unprecedented affordability burdens.

Freddie Mac Multifamily is working creatively with lenders and their borrowers to tackle multifamily financing challenges, and to preserve affordable rental housing.

But the House tax reform proposal would end the private activity bond program, which allows housing finance agencies to issue low - interest, tax - exempt bonds that automatically generate 4 percent LIHTCs when the bonds are used to provide debt financing to build or preserve affordable rental housing.

It also includes $ 125 million in credits to create and preserve affordable rental properties in New York State — which brought applause from Mayor Bill de Blasio, who has an ambitious plan to build and maintain 200,000 units of below - market housing citywide.

The MacArthur Foundation provided principle support for the report as part of its $ 150 million Window of Opportunity, Preserving Affordable Rental Housing initiative.

Not exact matches

The measure was seen as being squarely aimed at Airbnb, the popular online portal for short - term rentals, while lawmakers in favor of the bill insist it is meant to bolster and preserve affordable housing in New York City.

Therefore, preserving and rehabilitating older rental housing, which is generally and naturally more affordable to begin with, is critical to helping address the needs of workforce housing.

The statement acknowledged Montgomery's «efforts to preserve... affordable rental housing,» as well as his successes in «reducing rental assistance costs and the costs of FHA insurance claims,» and in financing the development of «more than 300,000 rental units.»

If the bonds lose their tax - exemption status, more than 780,000 fewer affordable rental homes would be built or preserved over the next 10 years, according to Novogradac & Co..

Federal tax credit funding totaling nearly $ 4 million for eight multi-family affordable rental housing developments, which will produce or preserve more than 230 units around the state, was recently approved by the New Hampshire Housing Finance Authority (NHHFA) Board of Directors.

It's an urgent problem, and that's why Freddie Mac's financing aims to preserve the supply of affordable rental housing by driving capital into the affordable and workforce housing space.

Banning them from short - term rentals was meant to preserve scarcely affordable units for Toronto's ultratight long - term rental market, which has a vacancy rate of less than 1 percent.

The Budget also includes $ 10.8 billion for the Project - Based Rental Assistance program, which supports 12 months of funding for rental assistance contracts with public and private owners who maintain affordable rental housing for 1.2 million families, and $ 6.45 billion in operating and capital subsidies to preserve affordable public housing for 1.1 million famRental Assistance program, which supports 12 months of funding for rental assistance contracts with public and private owners who maintain affordable rental housing for 1.2 million families, and $ 6.45 billion in operating and capital subsidies to preserve affordable public housing for 1.1 million famrental assistance contracts with public and private owners who maintain affordable rental housing for 1.2 million families, and $ 6.45 billion in operating and capital subsidies to preserve affordable public housing for 1.1 million famrental housing for 1.2 million families, and $ 6.45 billion in operating and capital subsidies to preserve affordable public housing for 1.1 million families.

The President's plan is centered on four core principles for reform: putting private capital first, ending the failed Fannie / Freddie business model and protecting the taxpayers, ensuring broad access to the 30 - year fixed rate mortgage in good times and bad, and preserving the American dream of affordable homeownership for all qualifying borrowers in every community while at the same time ensuring sustainable rental options are widely available.