Sentences with phrase «rate apartment market»

Not exact matches

The projects were marketed in China, and thousands paid deposits for apartments that cost as much as double the rate per square meter of homes for Malaysian buyers in Johor Bahru.

Forest City, understandably focused on quarterly results and mindful of the surplus of market - rate apartments around Downtown Brooklyn, said in November 2016 that it had revised the project schedule, but didn't reveal details.

The fellowship rents many of these apartments at below - market rates as a service to the community.

In a rare victory for landlords, the New York Court of Appeals ruled they had acted properly in pushing up rents when they converted thousands of regulated apartments to market - rate units.

The joint venture with the anti-poverty Robin Hood Foundation and affordable housing developer Enterprise Community Partners, called «Come Home NYC,» would help connect 300 of the 60,000 families using the city's shelter system each night with permanent below - market rate apartments.

Among those singled out is the Bedford - Union Armory project, a redevelopment on public land by BFC Partners that includes half market - rate apartments and also a recreational center.

The substantial rehabilitation of the building will result in 52 apartments, including 43 affordable and nine market - rate units for seniors and physically - handicapped persons.

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).

On Tues., Mar. 20th, during its full Executive Committee meeting, CB12 formally passed the resolution that sought to limit the New York City Economic Development Corporation's large - scale plan for rezoning great expanses of Inwood that would include high - rise, market - rate apartment buildings.

Further, landlords strenuously opposed the tenant - friendly increase of decontrol thresholds — the amount of monthly rent above which apartments can go market rate, from $ 2,000 a month to $ 2,500, and the raising of the tenant - income limit from $ 175,000 to $ 200,000.

Also at 11 a.m, NYC Councilman Andy King and Bronx residents rally to oppose the opening of a homeless shelter that was initially promoted as a market rate apartment building for middle - income working families, 3677 White Plains Road, Bronx.

The building would provide one -, two - and three - bedroom apartments for tenants from a mix of income brackets, with sliding - scale rents ranging from near - market rate to significantly below.

They called for the elimination of a loophole that lets landlords boost rent by 20 percent when tenants vacate a rent - stabilized apartment, as well as a rule that removes units from rent regulations once the rent gets high enough, allowing units to go to market - rate prices.

Rep. Brian Higgins encountered anger and frustration from some Commodore Perry public housing tenants when he held a press conference there to tout his idea of renovating rows of empty, rundown apartments into low - and moderate - income units — and perhaps some market - rate housing, as well.

The approved plans call for an $ 87.1 million mixed - use redevelopment, featuring a new 120 - room extended - stay hotel operated by Hart Hotels, plus 185 studio, one - bedroom and two - bedroom loft - style market - rate apartments.

The demand for market - rate apartments in downtown Cohoes is not clear, and for that reason the Remsen Street building is risky.

City neighborhood and development commissioner Paul Driscoll doesn't think there are any other housing projects like it in the city: a mix of market rate apartments with affordable apartments in one building.

According a study released this year entitled «Out of Reach,» from The National Low Income Housing Coalition, which was cited in the report, the fair market rental rate for a two - bedroom apartment in Rockland County is $ 1,424.

One of the proposals would develop a new building to include senior - focused, market - rate housing in 60 apartments, new and expanded facilities for Lifelong, and professional office space.

They have criticized the measure, which would up the vacancy decontrol threshold for when apartments re enter the open market by just $ 200, to a rate of $ 2700 a month.

The de Blasio administration already received $ 300 million during the first half of the calendar year and was hoping for at least $ 200 million more to finance construction of below market - rate apartments.

11:00 AM — CM Andy King and Bronx residents rally to oppose the opening of a homeless shelter that was initially promoted as a market rate apartment building for middle - income working families, 3677 White Plains Road, Bronx.

Assembly Democrats wanted to strengthen rent rules so fewer apartments could become market rate, otherwise known as the «decontrol threshold.»

The Erie County Industrial Development Agency approved tax breaks Ellicott Development's plans to renovate a century - old former General Electric Co. warehouse where Busti Avenue and Niagara Street intersect along Sinatra & Co.'s proposal to renovate the former Phoenix Brewery building on Ellicott and Virginia streets and Paul Kolkmeyer's concept of transforming the former Stanton Building at 251 Main St.. All are anchored by market rate apartments.

Furious over the de Blasio administration's market rate apartment plans for New York City Housing Authority properties, about 140 public housing tenants created a...

More than 1,800 market - rate apartments in the city are becoming rent stabilized under an agreement announced among landlords, Cuomo, Blasio, and Attorney General Eric Schneiderman.

Mr. de Blasio warned that only days remain before the end of the legislative session — and before New York City's rent stabilization and rent control laws expire, which could leave roughly one million regulated apartments open to becoming market rate.

Current plans for the 138,00 - square - foot building on Bedford Avenue and Union Street would allow developers at BFC Partners to build a recreation facility inside the armory; market - rate and affordable rental apartments on top of the existing structure; and a row of private condominiums BFC would own and, presumably, sell.

The program would raise revenue for repairs and capital projects by permitting building of market - rate apartments on the grounds of eight different public housing projects in Manhattan.

The Rent Stabilization Association advocates a slow turnover of stabilized apartments to market - rate, rather than a wholesale switch, Strasburg said.

An increase in the rent threshold at which apartments become market - rate, indexed to rise each year, is a step forward, but it only slows the bleeding — and is well short of de Blasio's target, ending vacancy decontrol completely.

New tenants pay market rate, with one - bedroom apartments going for $ 3,650 to $ 4,500 and two - bedrooms renting for $ 4,750 to $ 6,500.

The park's board — chaired by Alicia Glen, deputy mayor for housing and economic development — will vote on a proposal, which has been modified since its introduction, to build two towers that include 100 below - market - rate and 266 high - end apartments at Pier 6 in the waterfront park.

More than 1,800 market - rate apartments in the city are becoming rent stabilized under an agreement announced Thursday among landlords, Mayor de Blasio, Gov. Cuomo and Attorney General Eric Schneiderman.

Such programs don't dovetail with MIH, which compels companies looking to construct market - rate apartments to make room for the masses.

Silver has also been a longtime advocate for affordable housing, negotiating rent protections for 3,500 residents of Battery Park City's Gateway Plaza as the building's owner has tried several times to turn the apartments market - rate, residents said.

Brooklyn District Attorney Ken Thompson today announced that two Brooklyn landlords have been indicted on unlawful eviction and other charges for allegedly forcing or attempting to force rent - stabilized tenants out of their homes by allegedly destroying their apartments and making them uninhabitable in an effort to destabilize the apartments in order to collect significantly higher market - rate rents.

Through partnerships with a number of private landlords and the city, CLOTH was able to place all 32 families in market - rate apartments.

The funding includes $ 9.7 billion to pay for 94,000 below - market - rate apartments throughout the state and $ 2.6 billion for 6,000 «supportive housing» units for homeless people who need additional services, such as counseling.

In a building where market - rate two - bedroom apartments go for up to $ 2,750, he shells out only $ 1,250 for his.

He also added a dig of his own at the de Blasio administration's already - underway effort to construct new affordable housing at the development, a crucial part of the mayor's ambitious plan to create or preserve 200,000 below - market rate apartments.

A pair of Buffalo projects that would turn abandoned school buildings into a 53 market - rate apartments are getting tax breaks from the Erie County Industrial Development Agency.

Once completed, the redevelopment will provide a hotel, approximately 192 units of affordable and market rate residential rental apartments and approximately 25,000 square feet of commercial retail space and approximately 25,000 square feet of cultural arts space.

The Erie County Industrial Development Agency gave preliminary approval to a new county - wide policy that would place additional restrictions on tax breaks for senior housing projects, especially those that would build market - rate apartments aimed at middle - and upper - class seniors.

The report focuses on four rental categories: Market Rate Apartment Complexes (20 + units), Tax Credit Apartment Complexes, Other Market Rate Apartments (1 - 19 units), formerly «Multi-Family Units,» and Subsidized Housing.

In the long term, 6,492 apartments, both affordable and market rate, are expected to be built under the new rules.

City officials said they chose not to issue the bonds because the revenue from the market - rate apartments in the project is expected to finance the affordable housing units.

Led by local rep Ydanis Rodriguez, legislators nix half market - rate, half affordable - unit apartment complex

«If you're going to build 80 percent market - rate apartments in a community of low - income, no one is going to be able to afford it so what you're doing is you're building a segregatory plan,» said Lena Melendez.

Epstein is skeptical about NYCHA's plan to build 50 % market rate apartments in new infill projects.