Sentences with phrase «unit market rate apartment»

by Adolfo Pesquera The San Antonio Zoning Commission denied a zoning request from industrial to multifamily on a 400 - unit market rate apartment project planned for Southtown.

Not exact matches

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 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).

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 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.

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 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 Houunits), Tax Credit Apartment Complexes, Other Market Rate Apartments (1 - 19 units), formerly «Multi-Family Units,» and Subsidized Houunits), formerly «Multi-Family Units,» and Subsidized HouUnits,» and Subsidized Housing.

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

Developer Travis Hyde proposes a mixed use commercial building with 60 market rate senior - focused apartment units, professional office space and space for the senior services organization Lifelong.

The mayor will push for construction of 160,000 new market - rate apartments in addition to more affordable units.

Ms. Olatoye's proposed program would use open space at the developments to construct 13,500 below - market - rate apartments — contributing to the mayor's ambitious affordable housing agenda — and 3,500 units for more upscale tenants.

Some apartments in the 55 - unit building have rents of $ 900 per month, but most will go at market rates, up to $ 2,910 for a furnished, 355 - square - foot unit.

Those prices are about three times higher than secondary markets such as Las Vegas where $ 2.15 billion worth of apartment properties sold during the same period for an average cap rate of 7.1 % or $ 78,393 per unit, according to New York - based Real Capital Analytics.

The three apartment buildings feature a mix of rent - stabilized and market - rate units, a structure which, according to Rosan, presents a strong opportunity to preserve affordable housing options in buildings with market - rate appeal and amenities.

In the case of apartment units, the market vacancy rate is calculated as the ratio of total vacant units in the market over the number of total units in the market (the sum of both vacant and occupied).

One way to help reduce the shortage of designated affordable housing is to include a certain amount of income - restricted units in otherwise market - rate apartment developments.

«The problem is the lack of income - restricted rental units for households that couldn't afford a market - rate apartment even prior to the recent run - up in rents.»

CHICAGO — Sue Blumberg, senior vice president and managing director of NorthMarq's Chicago Regional office, arranged first mortgage refinancing of $ 14.5 million for Shagbark Apartments, a 460 - unit, market - rate multifamily community located in Kenosha, Wis..

As a result of the quick recovery of apartment fundamentals, interest in purchasing core assets has driven up the pricing of class - A apartments in primary markets to near pre-crisis levels in both cap rates and price per unit.

Instead of paying the city directly, it funded 15 below - market - rate units in the apartment complex, guaranteeing the construction of affordable housing.

CHICAGO — Sue Blumberg, senior vice president and managing director of NorthMarq's Chicago Regional office, arranged first mortgage refinancing of $ 14.5 million for Shagbark Apartments, a 460 - unit, market - rate...

Franklin, Tenn. — Greystone has provided a $ 40.4 million HUD loan to refinance Viera Cool Springs Apartments, a 469 - unit market - rate townhome community located in Franklin, Tenn..

Centerline Capital Group, a provider of real estate financing services for market - rate and affordable multifamily housing has recently provided a $ 10.4 million Freddie Mac conventional loan to refinance Cedar Pointe Apartments, a 210 - unit multifamily asset in the Greater Nashville Area.