Sentences with phrase «taxes for apartment building»

Not exact matches

At the local level, the property tax rises for owners who build or improve their homes, rental apartments or commercial buildings, while it is reduced for those who let their land go fallow.

They marched, they prayed and they made emotional pleas, but tenants from a low - income complex in Glen Ellyn could not get assurances from village staff that their apartment buildings will be left out of a proposed taxing district for Roosevelt Road.

In a property tax case that could set a precedent for towns trying to lure developers, Arlington Heights is fighting the owners of an apartment building in a special taxing district who want to lower their property value assessment.

The new Affordable New York Housing Program lets developers of rental apartment buildings off the hook for property taxes for 35 years.

Alicia Glen, Mayor Bill de Blasio's deputy mayor for housing and economic development, told the City Council today that obligating developers who receive the controversial 421a tax break to pay construction workers prevailing wages could result in 17,000 badly - needed below - market apartments not getting built — and argued that the demand for low - cost housing trumps the call for union jobs.

The elder Mr. Kushner built the family's real estate business into a multibillion - dollar empire of apartments and land until he was sent to federal prison in 2005 for tax evasion, witness tampering and illegal campaign donations, many of them to Democratic candidates.

The plan calls for the creation of low - equity housing cooperatives, reinvesting in NYCHA housing, developing community land trusts, creating tax abatements for developers and entrepreneurs who bring business into Central Brooklyn and hire local residents must be encouraged to hire locally, offering quality careers to residents and a moratorium on wealthy developers being allowed to buy up apartment buildings and leave the units vacant.

IDAs for Erie County and five municipalities will soon be asked to approve a new county - wide policy allowing tax breaks for middle - income senior apartment buildings that meet certain criteria.

He has pushed for in - state tuition at public universities for undocumented children, called for a repeal of exorbitant tax breaks for expensive apartment buildings and has strongly supported immigrants» rights.

The board voted in favor of $ 316,000 in sales and mortgage recording tax breaks for Sinatra's planned $ 7.57 million conversion of the former Phoenix Brewery building, at 835 - 847 Washington St. on the Buffalo Niagara Medical Campus, into 30 one - and two - bedroom luxury apartments and 3,000 square feet of commercial space.

Galesi received tax breaks for environmental remediation at the new Golub headquarters; $ 583,162 a year in tax exemptions for the new Center City building, and was recently rolled into a federal package to receive money to demolish a former county department of social services building so the land could be used for apartments.

Trump has reaped at least $ 885 million in tax breaks, grants and other subsidies for luxury apartments, hotels and office buildings in New York, according to city tax, housing and finance records.

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.

But as the city's economy recovered, legislators tinkered with the regulations, requiring developers in popular neighborhoods to set aside 20 percent of their apartments for low - and moderate - income tenants in order for the building to qualify for the tax break.

Miner sued COR Dec. 15, alleging that the Fayetteville - based developer broke a promise not to seek tax breaks for its construction of hotels and apartment, retail and office buildings at the harbor, a former Barge Canal terminal in the city's lakefront area.

KINGSTON, N.Y. >> State tax credits awarded to RUPCO late last year for its Energy Square apartment building in Midtown will be worth $ 6.3 million, Gov. Andrew Cuomo's office said Thursday.

Miner sued Cor on Dec. 15, 2015, alleging the Fayetteville - based developer broke a promise to the city not to seek tax exemptions for its construction of hotels, apartments, and retail and office buildings at the harbor.

The governor - elect was HUD secretary when the Rudy's City Hall got HUD to go along with the artful manipulation of the Dayton Seaside property taxes to create illusion of vast arrears for purpose of forcing new owners at these three Rockaway apartment buildings.

Mayor Stephanie Miner sued Cor Dec. 15, alleging the company broke a promise not to seek tax breaks for its construction of hotels and apartment, retail and office buildings at the harbor.

The agency also approved $ 420,000 in tax breaks for Schneider Development's $ 11.7 million project to build 40 one and twobedroom apartments in a series of vacant buildings at 285 Niagara Street, with space for Ru's Pierogies, a startup food manufacturer, on the ground floor.

Mayor Stephanie Miner alleged in the lawsuit that COR broke a promise to the city when it applied to the Onondaga County Industrial Development Agency for $ 44.6 million worth of tax exemptions for its planned $ 342 million development of the Inner Harbor into a mix of hotels, apartments, and office and retail buildings.

Park Point developer Wilmorite is before the Ulster County Industrial Development Agency (IDA) looking for a payment in lieu of taxes (PILOT) agreement on 10 of the 13 apartment buildings in their proposed $ 56 million complex.

«The mayor's unfortunate proposal for the new 421 - a tax subsidy, which was made even worse by Albany, will cost the City far more than the old program while barely increasing the requirement to build affordable apartments, and failing to offer basic protections for many tenants.

The sizable number of properties on the Lower East Side for which Goldberg has sought real estate tax reductions include Silver's own co-op, the Hillman Housing Corp., a large development of brick apartment buildings on Grand Street, tax records show, as well as the commercial building across the street that is listed in state records as the address for Silver's campaign committee, Friends of Silver.

Poloncarz wants to prevent developers who build apartments and mixed - use projects in downtown Buffalo from getting tax incentives unless they set aside some residential housing for less wealthy residents who can't afford to pay rents that now pushing close to $ 2,000 a month.

Sousa writes: «The average municipal property tax burden on apartment buildings is more than double that for other residential properties such as condominiums.»

A plan to ensure property tax for new apartment buildings is charged at a similar rate as other residential properties.

For - profit developers have also used tax - exempt bond loans and 4 percent LIHTCs to create buildings that mix new affordable housing with luxury apartments, especially in high - rise developments like New York City.

NEW YORK CITY — Pembrook Capital Management LLC (Pembrook), a commercial real estate investment manager that provides financing throughout the capital structure including first mortgages, mezzanine, bridge loans, note financings, and preferred equity for most property types, as well as tax - exempt bond financing for the acquisition, construction and rehabilitation of multifamily housing, announced the closing of a $ 7.5 million preferred equity transaction that will be used to facilitate the construction of Lincoln Park, a Brooklyn, NY development consisting of two Class A, multi-family apartment buildings, totaling 133 units.

Multifamily developers build tens of thousands of new apartments every year reserved for people with low incomes, using subsidies from government programs like the federal low - income housing tax credit (LIHTC), the largest affordable housing...

Many municipalities charge up to 2.5 times more tax for a purpose built apartment buildings than for a single family home but this is transparent to the tenant.

Multifamily developers build tens of thousands of new apartments every year reserved for people with low incomes, using subsidies from government programs like the federal low - income housing tax credit (LIHTC), the...

During the hotel slump of the early to mid-1990s, tax and legal troubles dogged him for a number of years, forcing another bankruptcy and the loss of an apartment building due to a tax lien.

Yet more than half (56 per cent) support giving tax breaks to corporations to encourage their continued development activities; and there's large support for single family homes (88 per cent), apartments / condos (65 per cent), grocery stores (74 per cent), hospitals (74 per cent), and office buildings (56 per cent).

I'm looking for a 10 - 30 unit apartment building in my market place by pulling the tax records of buildings with this many units, then looking them up and doing some research before finding the owner and reaching out for a discussion.