Sentences with phrase «subsidize affordable units»

The discounted land plus low income housing tax credits and other financing mechanisms subsidize the affordable units.

His comments sparked complaints among some real estate insiders, who also said that de Blasio lacked a commitment to subsidize affordable units.

Not exact matches

For all his verbal assaults upon former Mayor Michael Bloomberg, his budgets and his appointments, he nonetheless was able to form a relationship with Mr. Bloomberg's Housing Preservation and Development Commissioner, Shaun Donovan, which helped him build the most city - subsidized affordable housing units of anyone on the Council.

This deal is a part of the mayor's 10 - year affordable housing plan for the city to subsidize hundreds of thousands of affordable housing units.

Instead of being limited to particular neighborhoods, the requirement that 20 percent of subsidized development units be affordable would apply citywide, and — theoretically — stimulate the building of more below - market units.

Together, Council Member Van Bramer and these New Yorkers in need will express why they believe Airbnb needs to be held accountable for allowing tax - subsidized affordable housing units to be posted as illegal hotels on their website.»

«The governor's proposal raises the city's cost in foregone property tax revenue in order to subsidize construction workers» wages, without increasing the expected number of affordable housing units,» she said.

In subsidized buildings, at least 40 percent of all units will be affordable to families earning the lowest incomes — between 30 and 50 percent of AMI — or $ 23,350 to $ 38,850 for a three - person household, officials said.

States should also promote inclusionary zoning policies, which provide affordable, subsidized housing units in scattered locations across wealthy neighborhood properties.

New York governor Andrew Cuomo has plans to renew the affordable housing program known as 421 - a, which expired in January, this time with even more generous terms for those who offer subsidized units.

Officially characterized as a grant, the money subsidized affordable - housing units at The Emerson, a high - rise residential tower next to the museum.

The $ 46 million fund is focused on government - subsidized affordable housing developments in California, including 800 units of housing at 10 properties in spread across five California counties.