Sentences with phrase «rental projects»

For rentals the project must be (or projected to be) cash flow positive with the loan in place.

On residential supply, Barclays Bank managing director Spencer Kagan spoke mostly of the rather paltry pipeline of rental projects in Manhattan, and cited the one - year lapse of the 421a tax exemption as a key factor.

Granting such a PILOT would enable Wilmorite to avoid paying sales and real estate taxes on a $ 50 million for - profit rental project on Route 32 South.

NAR is working with other groups to build support for the increase, which would make affordable rental project development feasible in high - cost areas such as San Francisco and New York.

The $ 73 million project is being funded under HPD's Extremely Low and Low Income Affordability (ELLA) program, which funds construction of rental projects affordable to households earning up to $ 48,960 for a household of three.

Small rental projects like Gateway are the backbone of neighborhoods and main streets across our state, and we're proud to partner with Nelson Development to help bring new housing and new economic opportunity to the Village of Owego.

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.

The site sits just south of Eliot Spitzer's 857 - unit rental project at 420 Kent Avenue and the Williamsburg Bridge.

The two major projects he has steered through committee approval, TF Cornerstone's 1,025 - unit rental project at 606 West 57th Street and Two Trees Management's Domino Sugar Factory redevelopment, both went relatively smoothly.

She will also apply her leadership experience to purpose - built rental projects and focus her efforts on the growth of markets outside the Lower Mainland, the company says.

It targets small rental projects with eight to 20 units each in low - density areas throughout New York State that may not be reached by other housing programs.

Greg Helsmoortel served as town supervisor and was steamrolling through this privately owned proposed tax - payer funded rental project in spite of numerous pleas and petitions to withdraw the town's support as an advocate for state funding and the pilot (payment in lieu of taxes) which would place heavy burdens on Saugerties tax payers.

Rental projects continue to rise rapidly in Westchester, but developers are struggling to offer affordable rents for locals while also luring moneyed millennials

Letters exchanged between New Paltz town supervisor Susan Zimet and Wilmorite attorney Shawn Griffin shed light this week on the tactics of the Rochester - based real estate corporation seeking to build a 732 - bed rental project on a 50 - acre site adjacent to the SUNY New Paltz campus.

He extolled the late developer's courage in building 10 Liberty Place, the first downtown luxury rental project constructed after the Sept. 11 terrorist attacks.

Another squarely blamed Cuomo for the trouble the impasse caused his firm by forcing it to start construction on several rental projects before the abatement expired.

HGIA's Green Energy Market Securitization (GEMS) Program offers both residential solar loans and commercial solar loans, which serve small businesses, nonprofits, and multifamily rental projects.

But Jeff and his father are experienced in redevelopment rental projects in the Chicago area.

That expansion, which NAR has long advocated and helped push through Congress, should give a boost to the housing market by providing a 40 percent increase in the amount of tax credits that states can allocate to developers of eligible rental projects.

What makes that boost doubly effective is the impact it will have on the price investors pay to become equity investors in low - and moderate - income rental projects, says Michael Pitchford, senior vice president of Bank of America in Charlotte, N.C., and president of the National Housing Conference.

The FRPO says that before the introduction of Bill 124 earlier this year, which will impose rent controls on units that were previously exempt, proposed rental projects were at a 25 - year high with 28,000 units in the planning pipeline.

Many rental projects during that time were also converted to condo properties because of the strength in that segment of the housing market, Hanchrow said.

Qualified Low - Income Housing Project A qualified low - income housing project is a residential rental project that satisfies the elected minimum set - aside test.

Rates and terms are competitive with the market, and this program offers the convenience and cost savings of a single source of financing for an affordable housing rental project.

The Construction Lending Program provides construction financing for multi-family rental projects utilizing other New Hampshire Housing funding.

Developers might be getting abatements for rental projects but certainly not condos.

Under the current iteration, developers receive a 25 - year tax abatement for building new rental projects.

Stacks said Capital One likes to see 35 percent cash equity from developers on rental projects.

Providing new development consulting and taking on rental projects are also in the cards.

Silverstein Properties settled a lawsuit brought by U.S. Attorney Preet Bharara alleging two of the developer's rental projects are inaccessible to residents with disabilities...

It would extend the length of the abatements from 25 years to 35 years, mandate that all rental projects receiving the subsidy include affordable housing in their project and, like de Blasio's proposal, gives developers three options for affordability.

Silverstein Properties settled a lawsuit brought by U.S. Attorney Preet Bharara alleging two of the developer's rental projects are inaccessible to residents with disabilities and in violation of the Americans with Disabilities and Fair Housing acts.

Changing the ownership of an existing building (usually a rental project) to the condominium form of ownership.

The program spurs affordable rental project development by making the credits available to developers for constructing new buildings or acquiring existing rental projects for use as low - and moderate - income housing.

Rancho has been in business for over 35 years and manages Strata Corporations, rental projects, and individual houses and condos.

xls, whether you are in the US, Toronto or the UK or another European nation or Singapore or beyond, and step up to a product that will help you raise the funding you need for your rental projects and property companies and for a fund as well.

Condominium Conversion Changing the ownership of an existing building (usually a rental project) to the condominium form of ownership.

Vacancy factor - An allowance or discount for estimated vacancies (unrented units) in a rental project.