Sentences with phrase «subsidize luxury housing»

«We haven't ended the housing crisis for New York's working families by giving away $ 1.2 billion in corporate welfare to subsidize luxury housing developments,» Javier Valdez, the co-executive director of Make the Road New York, told me.

Pat Purcell, a member of UP4NYC and the executive director of the Great NY Laborers - Employers Cooperation & Education Trust with the Laborers, said Mr. de Blasio's plan «will not provide middle class wages to the workers employed on what will remain mostly taxpayer subsidized luxury housing, and it will not significantly increase affordable housing production for New Yorkers who need it most.»

Not exact matches

Because right now, New York State is subsidizing luxury development instead of really subsidizing the kind of affordable housing we need, the kind of infrastructure and public schools that we need.

Since 2009, the U.S. has addressed the housing needs of two subsets of the population: those earning more than 100 percent of Area Median Income (AMI) who can afford new class - A luxury rentals, as well as those earning below 60 percent of AMI who are supported by government - subsidized programs such as Low - Income Housing Tax Credits (LIHTC) and Section 8 hhousing needs of two subsets of the population: those earning more than 100 percent of Area Median Income (AMI) who can afford new class - A luxury rentals, as well as those earning below 60 percent of AMI who are supported by government - subsidized programs such as Low - Income Housing Tax Credits (LIHTC) and Section 8 hHousing Tax Credits (LIHTC) and Section 8 housinghousing.